Rugby Mining acquires Proximo Resources and closes $4 million financing

1 minute read
27 October 2021

On October 27, 2021,  Rugby Mining Limited ("Rugby") (TSXV: RUG) reported that it had completed its previously announced acquisition of Proximo Resources Pty Ltd ("Proximo"), a private Australian company that controls silver and gold projects in Chile and Argentina. 

Rugby also announced that it had closed its previously announced and oversubscribed $4 million private placement of units.

Rugby is an exploration company conducting "discovery stage" exploration on targets in Chile, Colombia, Argentina, the Philippines and Australia. 

Gowling WLG advised Rugby on both the acquisition and the financing with a team that included Cyndi Laval, Tara Amiri, Raymond Ong, Ethan Chang and James Stewart (corporate/M&A), assisted by paralegal Toni Vodola.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.