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Rumble Resources Completes $525,000 Financing and Wilmac Copper-Goal Project Share Issuance
Rumble Rumble (US:RUM) Newsfileยท2025-07-25 20:53

Core Viewpoint - Rumble Resources Inc. has successfully completed a non-brokered private placement, raising $525,000 through the sale of 7,000,000 units, which will be utilized for the Wilmac Project and other corporate purposes [1] Group 1: Private Placement Details - The private placement consisted of 7,000,000 units priced at $0.075 each, generating total proceeds of $525,000 [1] - Each unit includes one common share and one two-year transferable share purchase warrant, allowing the holder to acquire an additional common share for $0.10 [1] - Of the total units, 4,700,000 were sold under the Listed Issuer Financing Exemption, which allows for immediate trading of the common shares, while the remaining 2,300,000 units are restricted from trading until November 26, 2025 [1] Group 2: Wilmac Project Acquisition - Rumble has the option to acquire a 70% interest in the Wilmac Copper-Gold Project, subject to a 2% net smelter returns royalty [3] - The Wilmac Project is located in south-central British Columbia, approximately 10 kilometers west of the Copper Mountain Mine [3] - The proceeds from the private placement will be allocated towards funding the acquisition and exploration of the Wilmac Project [1] Group 3: Additional Issuance - The company has issued an additional 1,000,000 units related to the Wilmac Copper-Gold Project, with similar terms as the previous units, and these are also restricted from trading until November 26, 2025 [2]