Acquisition of Units of Rugby Mining Limited
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/28/15 -- Paul Joyce (the "Offeror") announces that on October 15, 2015, the Offeror, the President, Chief Executive Officer and a director of Rugby Mining Limited ("Rugby"), acquired control of 1,250,000 units ("Units") of Rugby purchased by Berenvy Pty. Limited ("Berenvy"), a company controlled by the Offeror. Each Unit is comprised of one common share of Rugby (a "Share") and one common share purchase warrant (a "Warrant"), with each Warrant entitling the holder to purchase one common share of Rugby (a "Warrant Share") for a period of five years at an initial exercise price of CAD$0.10 if exercised until October 15, 2016, which exercise price shall increase each year on October 15th by CAD$0.01 to a maximum price of CAD$0.14 in year five. The 1,250,000 Shares comprised in the Units represent approximately 2.3% of Rugby's issued and outstanding common shares. The 1,250,000 Shares and the 1,250,000 Warrants comprised in the Units collectively represent approximately 4.4% of the issued and outstanding common shares of Rugby, assuming the exercise of the Warrants.
Prior to the acquisition of the Units, the Offeror exercised control or direction over 3,263,333 common shares of Rugby (2,413,000 held by Berenvy), 333,333 common share purchase warrants of Rugby (all of which are held by Berenvy) and 1,150,000 stock options of Rugby, collectively representing approximately 9.9% of the issued and outstanding common shares of Rugby, assuming the exercise of such common share purchase warrants and stock options. As a result of the acquisition of the Units, the Offeror now has control over an aggregate of 4,513,333 common shares of Rugby (2,413,000 held by Berenvy), 1,583,333 common share purchase warrants of Rugby (all of which are held by Berenvy) and on October 25, 2015, Rugby also granted the Offeror 200,000 stock options (the "Options") representing less than 1% of the issued and outstanding common shares of Rugby, assuming the exercise of the Options for a total of 1,350,000 stock options of Rugby, collectively representing approximately 13.0% of the issued and outstanding common shares of Rugby, assuming the exercise of the common share purchase warrants and stock options.
The Units were acquired by the Offeror and Berenvy for investment purposes. The Offeror may increase or decrease his beneficial ownership or control of securities of Rugby as the circumstances or market conditions warrant.
To obtain a copy of the early warning report filed by the Offeror, please contact the Offeror at 604 688 4941 or refer to Rugby's SEDAR profile at .
Contacts:
Rugby Mining Limited
Paul Joyce
604.688.4941
604.688.9532 (FAX)
Toll-free: 1.855.688.4941
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2015 - 21:16 Uhr
Sprache: Deutsch
News-ID 430239
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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"Acquisition of Units of Rugby Mining Limited"
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