Aurania Announces Non-Brokered Private Placement of up to C$1.5 Million

About this update from Aurania Resources Ltd.

[{"type":"text","content":"Aurania Announces Non-Brokered Private Placement of up to C$1.5 MillionToronto, Ontario--(Newsfile Corp. - May 11, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") announces its intention to complete a non-brokered private placement financing of up to 8,333,333 units of the Company (the \"Units\") at a price of C$0.18 per Unit (the \"Issue Price\") for aggregate gross proceeds to the Company of up to approximately C$1,500,000 (the \"Offering\"). 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 2,083,333 Units may be issued to raise additional gross proceeds of up to approximately C$375,000. 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$0.35 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 at the Thor's Valley epithermal gold project in Iceland, the Balangero nickel-cobalt tailings retreatment project in Italy, and for general working capital purposes.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) Unit at the Issue Price and will be exercisable for a period of 24 months from the closing of the Offering. 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 June 1, 2026, or such other date or dates that the Company may determine and may close in tranches. Closing is subject to the receipt of all necessary regulatory app...

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