Rupert Resources Closes C$48.65 Million Equity Financings TSX-V: RUP FSE: R05 TORONTO , June 4, 2021 |CNW| - Rupert Resources Ltd. ("Rupert Resources" or the "Company") reports that it has closed the previously announced concurrent equity financings raising a total of C$48,654,000 before expenses. The financings comprised two components: a bought deal equity offering (the "Public Offering"); and a private placement (the "Private Placement") with existing shareholders, including Agnico Eagle Mines Limited ("Agnico Eagle"). James Withall , Chief Executive of Rupert Resources said " The financings were well supported by our existing shareholders and a number of high-quality new institutions. The funds enable the Company to progress the Ikkari discovery through the maiden mineral resource estimate and economic evaluation stages whilst most importantly continuing our exploration that aims to demonstrate extensions to Ikkari and delineate the potential of Rupert''s other discoveries made in Area 1 and the Pahtavaara mine. Rupert''s regional programme to generate and drill new targets on this very prospective property package of over 450km 2 will continue in parallel. " A total of 5,658,000 common shares in the capital of the Company (the "Common Shares") were issued pursuant to the Public Offering at a price of C$5.30 per Common Share (the "Offering Price") for gross proceeds of approximately C$29,987,400 which includes the exercise, in full, of the underwriter''s over-allotment option of 738,000 Common Shares.