- Aurania Resources (ARU) has received an extension to close its private placement until January 9, 2023
- The company expects to close the offer before this date
- Net proceeds of the offering will be used primarily for drilling and exploration of the company’s Lost Cities-Cutucu Project in Ecuador
- Aurania is a mineral exploration company focused on precious metals and copper in South America
- Aurania Resources Ltd. (ARU) is up 1.85 per cent on the day, trading at C$0.55 per share at 9:45 am ET
Aurania Resources (ARU) has received an extension to close its previously-announced private placement until January 9, 2023.
The company expects to close the second and final tranche of the offering before this date.
The company has paid finder’s fees consisting of $904.50 in cash and 2,010 finder warrants.
All securities issued under the offering are subject to a statutory four-month hold period.
Net proceeds of the offering will be used for drilling and exploration of the company’s Lost Cities-Cutucu Project in Ecuador and general working capital.
Aurania is a mineral exploration company focused on precious metals and copper in South America.
Aurania Resources Ltd. (ARU) is up 1.85 per cent on the day, trading at C$0.55 per share at 9:45 am ET.
