AUIAF - Aurania Resources (AUIAF)(ARU:CA) - Increasing the Probability of Successful Near-Term Outcomes

Marketed public offering. Aurania Resources closed a marketed public offering of 3,835,250 units, including the underwriter's overallotment option, and realized gross proceeds of C$6,903,450 million. Each unit was sold at a price of C$1.80 and included one common share and one common share purchase warrant with an exercise price of C$2.20 until October 21, 2026.Private placement. Additionally, the company closed a non-brokered private placement of 1,256,037 units, on the same terms and conditions as the public offering, for gross proceeds of C$2,260,866.60. The common shares and warrants associated with the private placement are subject to a hold period of four months and one day from the date of issuance. The warrants associated with the private placement are expected to be Read More >>