By Devika Patel
Knoxville, Tenn., Dec. 11 - Aurea Mining Inc. plans to complete a non-brokered private placement of units for up to C$1 million.
The company intends to sell 3,333,333 units of one share and one warrant at C$0.30 per unit. Each warrant will be exercisable at C$0.40 for two years.
Proceeds will be used for exploration of the company's properties and for working capital.
Aurea is a gold and silver exploration company based in Vancouver, B.C.
Issuer: | Aurea Mining Inc.
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Issue: | Units of one share and one warrant
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Amount: | C$1 million
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Units: | 3,333,333
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Price: | C$0.30
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.40
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Agent: | Non-brokered
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Pricing date: | Dec. 11
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Stock symbol: | TSX Venture: MXA
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Stock price: | C$0.32 at close Dec. 11
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