Add-on Acquisition • Metals/Mining

Rugby Resources Acquires Proximo Resources

On August 24, 2021, Rugby Resources acquired metals/mining company Proximo Resources

Acquisition Context

This is Rugby Resources’ 1st transaction in the Metals/Mining sector.
This is Rugby Resources’ 1st transaction in Australia.

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M&A Deal Summary
Date	August 24, 2021
Target	Proximo Resources
Sector	Metals/Mining
Buyer(s)	Rugby Resources
Deal Type	Add-on Acquisition

Target Company

Proximo Resources

Brisbane City, Australia

Proximo Resources is actively exploring world-class copper and gold deposits in South America. It is currently focused on our Salvadora, Venidero, and Altiro projects. Proximo Resources is based in Brisbane City, Australia.

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Buyer Overview 1

Buyer

Rugby Resources

Vancouver, British Columbia, Canada

Category	Company
Founded	2007
Sector	Metals/Mining

DESCRIPTION

Rugby Resources is an exploration stage company that engages in the acquisition, exploration, and development of mineral properties. The company primarily explores gold, silver, and copper deposits. Rugby Resources was formed in 2007 and is based in Vancouver, British Columbia.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Metals/Mining	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Australia	1 of 1
Year: 2021	1 of 1

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