Company offers 6.25 million shares at C$0.40 each through offering
By Devika Patel
Knoxville, Tenn., Sept. 8 – Aurion Resources Ltd. said it will raise C$1.03 million in a private placement of stock through agent Haywood Securities Inc. The brokered sale will be conducted alongside a C$1.5 million non-brokered private placement of stock at the same price.
The company will sell 6.25 million common shares at C$0.40 per share. The price per share is an 11.11% discount to the Sept. 7 closing share price of C$0.45.
Proceeds will be used for advancing the company’s projects in Finland, project generation and general working capital purposes.
Aurion explores for precious metals in Mexico, Nevada and British Columbia. The company is based in St. John’s, Newfoundland.
| Issuer: | Aurion Resources Ltd.
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| Issue: | Common stock
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| Amount: | C$2,525,000
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| Shares: | 6.25 million
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| Price: | C$0.40
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| Warrants: | No
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| Underwriters: | Haywood Securities Inc. (for C$1,025,000), non-brokered (for C$1.5 million)
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| Pricing date: | Sept. 8
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| Stock symbol: | TSX Venture: AU
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| Stock price: | C$0.45 at close Sept. 7
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| Market capitalization: | C$21.93 million
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