Rugby Resources Ltd. announced a private placement of 2,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 100,000 on November 30, 2023. Each Unit was comprised of one common share and one warrant. Each warrant is exercisable to acquire one additional common share at a price of CAD 0.10 for a period of two years from issuance.

The transaction will include participation from returning investor, Bryce Roxburgh.