Rugby Resources terminates private placement financing and postpones drilling due to Colombian regulations

From GlobeNewswire: 2024-12-16 14:50:50

Rugby Resources Ltd. has terminated a private placement financing and postponed plans to drill the Cobrasco Copper Project due to changes in Colombian regulations governing drilling in forest reserves. Resolution 1705 now requires completion and approval of an environmental baseline study called a Forestry Extraction, impacting the Company’s plans. Rugby will assess how to move the project forward under the new rules. The company also plans to source funding for its gold and silver projects in Argentina, leveraging its experience in the region. For more information, visit the Rugby Resources Ltd. website.



Read more at GlobeNewswire: Rugby Resources Ltd. Terminates its Previously Announced