By Devika Patel
Knoxville, Tenn., April 27 - Aurion Resources Ltd. said it plans a C$1 million non-brokered private placement of units.
The company will sell 4 million units at C$0.25 apiece. Each unit consists of one common share and one half-share warrant. Each whole two-year warrant will be exercisable at C$0.35.
Proceeds will be used for early stage exploration on existing projects, for evaluation and acquisition of new projects and for general working capital.
Aurion is a Vancouver, B.C., resources company. It currently owns two gold and silver projects in Mexico.
| Issuer: | Aurion Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1 million
|
| Units: | 4 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.35
|
| Agent: | Non-brokered
|
| Pricing date: | April 27
|
| Stock symbol: | TSX Venture: AU
|
| Stock price: | C$0.24 at close April 26
|
| Market capitalization: | C$1.2 million
|
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