07:47:16 EDT Mon 13 May 2024
Enter Symbol
or Name
USA
CA



Arya Resources Ltd
Symbol RBZ
Shares Issued 25,409,995
Close 2023-11-16 C$ 0.08
Market Cap C$ 2,032,800
Recent Sedar Documents

Arya Resources arranges $250,000 FT financing

2023-12-13 13:48 ET - News Release

Mr. Rasool Mohammad reports

ARYA RESOURCES LTD. (RBZ) ANNOUNCES CMETCS FLOW THROUGH FINANCING

Arya Resources Ltd. has arranged a flow-through financing of up to $250,000 comprising up to two million flow-through shares at 12.5 cents per share. Each flow-through share will constitute a flow-through share within the meaning of the Income Tax Act (Canada) and the proceeds will be used to incur Canadian exploration expenses and flow-through mining expenditures as defined in the income tax act and will be targeting critical minerals for eligibility under the critical mineral exploration tax credit (CMETC). Such proceeds will be renounced to the subscribers with an effective date not later than Dec. 31, 2023, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of flow-through shares. Completion of the financing and renunciation are subject to the receipt of all necessary regulatory approvals, including the TSX Venture Exchange and the Canada Revenue Agency.

The company is currently drilling the historical Dunlop nickel-copper project in Saskatchewan. Historical drilling covered an area of 400 metres by 300 metres within a mineralized zone of 1,800 metres long and 1,700 metres wide. The drill program is to test nickel-copper targets identified by the company's technical team. The project is accessible through a provincial highway and a power line runs near the project site. The company has received all the necessary permits for an exploration program, including drilling on its Dunlop nickel-copper project and Wedge Lake gold project in Saskatchewan.

This news release has been reviewed by Kevin Wells, PGeo, who is acting as qualified person for this project under the National Instrument 43-101 requirements.

About Arya Resources Ltd.

Arya Resources is a Tier 2 listed mining and mineral exploration company. The company is focused on acquiring, exploring and development of critical minerals as well as energy metal projects, including gold, uranium, lithium and rare earth elements, in stable jurisdictions.

We seek Safe Harbor.

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