VANCOUVER, British Columbia, March 06, 2019 (GLOBE NEWSWIRE) -- Rugby Mining Limited (“Rugby” or the “Company”) (TSX-V: RUG) announces that it has entered into an agreement dated February 26, 2019, amending the terms of the option agreement with All-Acacia Resources Inc. (“All-Acacia”) for the acquisition of the Mabuhay project. The amended agreement provides that payments due pursuant to the option agreement can be settled in cash or shares at the Company’s election. Following the grant of the permits to commence exploration at Mabuhay (see news release NR19-01) the Company will issue an aggregate of 365,000 common shares at a deemed price of CAD$0.18 per share to settle the initial payment of US$50,000. The shares issued will be subject to TSX Venture Exchange approval and to a four-month hold period.
Rugby Amends the Mabuhay (Mother Lode) Option Agreement
Mar 07, 2019
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