On August 1, 2024, Rupert Resources Ltd. completed a bought deal public offering of 8,030,700 common shares at a price of $3.58 per share for gross proceeds of approximately $28.8 million, which included the full exercise of the underwriters’ over-allotment option.
The offering was completed through a syndicate of underwriters led by Cormark Securities Inc. and BMO Capital Markets, as co-lead underwriters and joint bookrunners, and included Canaccord Genuity Corp.
Cassels acted for the underwriters.