Rugby Mining acquires Proximo Resources and closes $4 million financing

1 minute read
27 October 2021
Client work

Team:

Cyndi Laval, Tara Amiri-Khaledi, Raymond Ong, Ethan Chang, James Stewart, Toni Vodola

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.

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Related   Mining, Mergers & Acquisitions, Corporate Commercial, Capital Markets

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