Rua Gold Announces $25 Million Financing

Core Viewpoint - RUA GOLD Inc. is initiating a financing round of up to $25 million to support exploration and development activities at its Reefton and Glamorgan Projects in New Zealand [1] Brokered Offering - The company has entered into an agreement with Raymond James Ltd. and Cormark Securities Inc. for a brokered private placement of 18,190,000 common shares at a price of $1.10 per share, aiming for gross proceeds of up to $20,009,000 [2] - The Agents have an option to sell an additional 15% of the common shares at their discretion prior to the closing of the offering [3] - Net proceeds from the brokered offering will be allocated to exploration and development activities at the Reefton and Glamorgan Projects, as well as for working capital and general corporate purposes [4] Non-Brokered Financing - Concurrently, the company will conduct a non-brokered private placement to raise up to $5 million, consisting of up to 4,550,000 common shares at the same price of $1.10 per share [9] - The net proceeds from the non-brokered offering will also be used for exploration and development activities at the Reefton and Glamorgan Projects, along with working capital and general corporate purposes [10] Closing Conditions - Both offerings are expected to close around January 28, 2026, subject to necessary approvals from the TSX Venture Exchange and applicable securities regulatory authorities [8][11] Company Overview - RUA GOLD Inc. is focused on exploration in New Zealand, controlling over 120,000 hectares in the Reefton Gold District, which has historically produced over 2 million ounces of gold [14] - The Glamorgan Project is located in the Hauraki district, known for its significant gold and silver production, and is adjacent to OceanaGold Corporation's major mining project [14]