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Gold/Mining/Energy : Rubicon Minerals

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To: Enigma who wrote (181)	2/20/2003 2:24:57 PM
From: Joey Two-Cents	Read Replies (1) of 470

RUBICON CLOSES $4.75 MILLION FINANCING VANCOUVER, CANADA: David W. Adamson, President and CEO of Rubicon Minerals Corporation (RMX.TSX Venture) announces that the Company has sold, to qualified purchasers by way of a best efforts private placement, 4,535,300 Units at a price of $1.05 per Unit for gross proceeds of $4,762,065. The net proceeds of the financing will be used to fund exploration on the Company’s Red Lake assets, including the McFinley Gold Project, Ontario and for general working capital and corporate development purposes.

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