Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A4010V) ('RUA GOLD' or the 'Company') announces that it has been requested by OTC Markets
Vancouver, British Columbia-- - Rua Gold Inc. announces that it has been requested by OTC Markets Group Inc. to issue this statement about promotional activity concerning its common shares traded on the OTCQB Venture Market .
The engagement of Gold Standard, the nature of the relationship between the Company and Gold Standard, as well as the compensation paid to Gold Standard, was publicly disclosed in news releases on April 17, 2024 and October 15, 2024, which can be found under the Company's profile on SEDAR+ and on the Company's website .
An increase in the trading volume of the Shares was noted by the OTC Markets on October 21, 2024. The trading volume of 2,460,858 represented approximately 3.4% of the total volume of 73 million shares traded over the past 12 months in Canada. The Company understands certain promotional activity coincided with increased trading activity in its Shares beginning on October 21, 2024.
Other than pursuant to financings and acquisition transactions in accordance with TSX Venture Exchange policies, which the Company has publicly disclosed in news releases , including the public offering of Shares completed on July 25, 2024, the Company has not issued Shares, or convertible instruments allowing conversion to equity securities, at prices constituting, at the time of issuance of such shares or convertible instruments, a discount to the then current market price.
Neither TSX Venture Exchange nor its Regulations Services Provider accepts responsibility for the adequacy or accuracy of this release.
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