Rupert Resources Ltd closes equity financings totalling C$ 25.6 million
We advised Rupert Resources Ltd and its Finnish subsidiaries in the Finnish law aspects of its equity financings, raising a total of C$ 25,600,000. The financings comprised two components: a bought deal equity offering (the “Public Offering”) and a private placement (the “Private Placement”). The net proceeds of the Public Offering and of the Private Placement will be used for on-going exploration expenditures on Rupert Resources Ltd’s properties in Finland and for general corporate purposes. Rupert Resources Ltd owns, among other things, the Pahtavaara gold mine located in the municipality of Sodankylä, Northern Finland.