- Regulus Resources ( OTCQX:RGLSF ) on Friday upsized its previously announced private placement offering.
- The offering has been upsized to 22,658,974 common shares at C$1.02 per common Share for total gross proceeds of C$23.1 million.
- The company’s largest shareholder, Route One, has elected to participate in the private placement by agreeing to purchase 2.6 million shares at C$1.02 apiece.
- Upon closing the financing, Route One will own 21.81% of the company.
- The company plans to use the proceeds to advance the AntaKori project and for general corporate purposes.
For further details see:
Regulus Resources upsizes private placement