|Bid||0.1800 x 0|
|Ask||0.2100 x 0|
|Day's Range||0.2000 - 0.2000|
|52 Week Range||0.1400 - 0.4200|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
This news release is not for distribution to United States newswire service or for dissemination in the United States VANCOUVER, British Columbia, March 15, 2019 -- Rugby.
Rugby Mining Limited (“Rugby” or the “Company”) (RUG.V) announces that it has entered into an agreement dated February 26, 2019, amending the terms of the option agreement with All-Acacia Resources Inc. (“All-Acacia”) for the acquisition of the Mabuhay project. The amended agreement provides that payments due pursuant to the option agreement can be settled in cash or shares at the Company’s election. Following the grant of the permits to commence exploration at Mabuhay (see news release NR19-01) the Company will issue an aggregate of 365,000 common shares at a deemed price of CAD$0.18 per share to settle the initial payment of US$50,000.
Rugby Mining Limited (“Rugby” or the “Company”) (RUG.V) announces that its board of directors has approved a proposed private placement offering of up to 6,000,000 units (the “Units”) at a price of $0.18 per Unit for gross proceeds of up to $1,080,000 (the “Offering”). Each Unit will consist of one (1) common share and one half (0.5) common share purchase warrant (a “Half Warrant”). Each full warrant (two (2) Half Warrants together) will entitle the holder thereof to purchase one (1) additional common share of the Company for a period of one (1) year from the date of the close at an exercise price of $0.30.
Rugby Mining Limited (“Rugby” or the “Company”) (RUG.V) is pleased to announce that a drilling and exploration permit has been issued for its Mabuhay project, including the Mother Lode gold target, in the Philippines. Rugby’s earlier permits, although covering a large area, specifically excluded the old gold mine area and consequently it had previously been unable to drill the Mother Lode target. The Mother Lode, located in the centre of the broader Mabuhay project area comprising 878 hectares, is situated 12 kilometres south of Surigao City, the capital city of the province of Surigao del Norte.
Anyone researching Rugby Mining Limited (CVE:RUG) might want to consider the historical volatility of the share price. Volatility is considered to be a measure of risk in modern finance theory. Read More...