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Aurania Announces Increase in Size of Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - August 5, 2025) - Aurania Resources Ltd. (TSXV: ARU) (FSE: 2...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Announces Increase in Size of Non-Brokered Private PlacementToronto, Ontario--(Newsfile Corp. - August 5, 2025) - Aurania Resources Ltd. (TSXV: ARU) (FSE: 20Q) (\"Aurania\" or the \"Company\") is pleased to announce that due to strong investor interest, it has increased the size of its non-brokered private placement (the \"Offering\"), previously announced on August 1, 2025. The Offering will now consist of aggregate gross proceeds of up to $1,800,000 comprised of up to 15,000,000 units of the Company (the \"Units\") at a price of C$0.12 per Unit (the \"Issue Price\"), The Company has reserved the right to increase the size of the Offering by up to 25% of the size of the Offering, such that up to an additional 3,750,000 Units may be issued to raise additional gross proceeds of up to C$450,000. Each Unit will consist of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder to purchase one Common Share (a \"Warrant Share\") at an exercise price of C$0.25 per Warrant Share for a period of 24 months following the closing of the Offering. Use of ProceedsThe Company intends to use the net proceeds from the Offering primarily for exploration programs, general working capital purposes, and a portion of such proceeds may also be used for the first payment of 2025 mineral concession fees in Ecuador.FindersIn connection with the Offering, the Company may pay finders' fees to certain eligible finders of up to 7% in cash of the gross proceeds raised in the Offering from subscribers introduced to the Company by such finders and up to 7% in finders warrants (the \"Finder Warrants\") of the aggregate number of Units placed by such finders, subject to the approval of the TSX Venture Exchange (the \"TSXV\"). Each Finder Warrant will entitle the holder thereof to purchase one (1) additional Unit at the Issue Price and will be exercisable for a period of 24 months from the closing of the Offering. Each Finder Warrant will be comprised of one Common Share and one Warrant.Subscription ProcedureExisting shareholders and other investors interested in subscribing to the Offering should register their interest via email to [email protected] and Hold PeriodClosing of the Offering is anticipated to be completed on or about August 20, 2025, or s...