PRB and RUP similar resource and share structure with Major partisipation in both.
This is what I have been suggesting for PRB and ELD if they are interested.... ELD could go to just under 20% this would provide the confidence in the project viability or buyout.
The flow through clientel have alterior motives for partisipating in placements and the current share price is a result of that....JMHO...
If ELD were to do that I think the share price Valuation would show significant improvment...
Rupert Resources arranges $47.56M private placement
2023-02-09 07:28 MT - News Release
Mr. James Withall reports
RUPERT RESOURCES LTD. ANNOUNCES A NON-BROKERED PRIVATE PLACEMENT OF UP TO $47.6 MILLION
Rupert Resources Ltd. has arranged a non-brokered private placement with up to 10.12 million common shares of the company at a price of $4.70 per common share for gross proceeds of up to $47,564,000.
Agnico Eagle have indicated its intention to participate in the private placement pro rata its current shareholding in the company.
The private placement is expected to close on or about Feb. 24, 2023, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange. The common shares issued in connection with the private placement will be subject to a statutory hold period, in accordance with applicable securities legislation.
The company intends to use the proceeds from the private placement to finance continuing exploration and development expenditures on the company's properties in Finland, and for general corporate purposes.
About Rupert Resources Ltd