Rupert Resources Ltd.

Rupert Resources Ltd.

April 15, 2008 14:08 ET

Rupert Resources Ltd.: Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 15, 2008) - Rupert Resources (TSX VENTURE:RUP) is pleased to announce it has arranged a non-brokered private placement consisting of 2 million units at 35 cents per unit for proceeds of $700,000. Each unit consists of one common share and one-half of one common share purchase warrant. One full warrant will entitle the holder to acquire one common share at 45 cents per share. The warrants will expire two years from closing.

Rupert will pay a finder's fee of 6 per cent of cash raised payable either in cash or in units. Completion of this financing is subject to the delivery of definitive subscription agreements and TSX Venture Exchange acceptance. All of the securities issued pursuant to this offering will have a hold period expiring four months from the closing date

The funds will be used to continue the deep drilling program on the company's Gold Centre property in the Red Lake District of Ontario as well as for general working capital purposes.

D. N. Briggs, President and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rupert Resources Ltd.
    D. N. Briggs
    President and Director
    (604) 687-7178 or Toll Free: 1-800-665-0622
    (604) 687-7179 (FAX)