Source: Aurelius Minerals Inc.
  • Aurelius Minerals (AUL) has closed another tranche of its non-brokered private placement
  • In this tranche, the company issued 2,479,760 common shares at a price of $0.0525 per share for gross proceeds of $130,187
  • When combined with the previous tranche, the company has issued 3,965,473 common shares for gross proceeds of $208,187
  • The TSX Venture Exchange has conditionally approved an offering for aggregate gross proceeds of up to $900,000
  • Aurelius is a gold exploration company focused on advancing its Aureus Gold Properties
  • Aurelius Minerals Inc. was unchanged at $0.07 at 10:58 AM ET

Aurelius Minerals (AUL) has closed another tranche of its non-brokered private placement.

In this tranche, the company issued 2,479,760 common shares at a price of $0.0525 per common share for gross proceeds of $130,187.

When combined with the previous tranche, the company has issued a total of 3,965,473 common shares at a price of $0.0525 per share for gross proceeds of $208,187.

All securities issued are subject to a statutory four-month hold period.

The company hopes to close an additional tranche(s) before January 13, 2023.

The TSX Venture Exchange has conditionally approved an offering for aggregate gross proceeds of up to $900,000.

The company intends to use the net proceeds from the common share offering for corporate and general working capital purposes.

Aurelius is a gold exploration company focused on advancing its Aureus Gold Properties, including Aureus East and West, the Tangier Gold Project and the Forest Hill Gold Project located in Nova Scotia.

Aurelius Minerals Inc. was unchanged at $0.07 at 10:58 AM ET.


More From The Market Online

SSR Mining reviews deadly landslide, faces class-action lawsuits

SSR Mining (TSX:SSRM) faces mounting losses after a series of negative developments, culminating in a securities class action lawsuit.

Spanish Mountain Gold forms partnership for sustainable mining

Spanish Mountain Gold (TSXV:SPA) enters into a partnership with ANDRITZ and BC Hydro to reduce carbon intensity.
Pulsar Helium

Junior helium stock to benefit from new legislation in U.S.

Pulsar Helium (TSXV:PLSR), a junior exploration stock, will benefit from new U.S. legislation on non-hydrocarbon gases.

Three junior copper stocks for the long run

Copper demand has pushed prices to their highest level since 2022, shedding light on steep undervaluation in the junior mining space.