TORONTO, ONTARIO -- (Marketwire) -- 03/26/13 -- Rupert Resources Ltd. ("Rupert" or "the Company") (TSX VENTURE: RUP) announces that it intends to complete a non-brokered private placement of up to 5,000,000 common shares of the Corporation at a price of $0.10 per share for gross proceeds of up to $500,000 (the "Private Placement").
The Private Placement is subject to the approval of the TSX Venture Exchange. The securities will be subject to a four-month hold period, in accordance with applicable securities laws.
The Corporation intends to use the proceeds from the Private Placement for its previously announced pre-drilling exploration program and for general working capital purposes.
The Corporation may pay a commission or finder's fee to eligible parties in connection with the Private Placement, subject to compliance with applicable securities laws.
ON BEHALF OF THE BOARD
M. Kostuik, Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Rupert Resources Ltd.
416 848 7744
www.rupertresources.com
