Rua Gold (TSX-V:RUA) is raising C$25 million ($26.73 million) through two financing offers to fund exploration and development at its New Zealand assets.
The company is conducting a brokered offering with Raymond James and Cormark Securities acting as the joint bookrunners and co-lead agents.
Rua will issue 18.19 million shares at a price of C$1.10 per share to raise up to C$20 million in the brokered offering, which is expected to close on or around 28 January 2026.
The non-brokered financing offer will raise the remaining C$5 million, issuing 4.55 million shares at C$1.10. This offer will close on or around the same day.
Funds will be used to advance exploration and development at the Reefton and Glamorgan projects in New Zealand.
Rua Gold is a mineral explorer strategically focused on discoveries in New Zealand.
Write to Maddison Elliott at Mining.com.au
Images: Rua Gold
