- Aurania Resources (ARU) has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of up to $1.5M
- Approximately 1.5 million units were sold under the first tranche for gross proceeds of $1.1 million
- The offering is expected to close within the next few days
- Aurania Resources is a mineral exploration company focused on precious metals and copper in South America
- Aurania (ARU) opened trading at C$0.66 per share
Aurania Resources (ARU) has closed the first tranche of its non-brokered private placement for gross proceeds of up to $1.5M.
A total of 1,586,653 units were sold under the first tranche at a price of $0.70 per unit, for total gross proceeds of $1,110,657.10. Each unit includes one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of C$1.25 at any time until March 28, 2024.
The company expects to close the second and final tranche of the offering in the next few days.
Aurania has agreed to pay certain eligible finders a fee equal to 6 per cent of the gross proceeds raised.
The offering remains subject to the final acceptance of the TSXV.
Shares and warrants issued are subject to a statutory four-month hold period.
Aurania Resources is a mineral exploration company focused on precious metals and copper in South America.
Aurania Resources Ltd. (ARU) opened trading at C$0.66 per share.
