Business
Aurania Closes Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - December 5, 2025) - Aurania Resources Ltd. (TSXV: ARU) (OTCQ...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Aurania Closes Private Placement FinancingToronto, Ontario--(Newsfile Corp. - December 5, 2025) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") announces that further to its news release dated November 21, 2025, the Company has closed its previously announced non-brokered private placement for gross proceeds of C$771,776.92 raised through the issuance of 6,431,466 units of the Company (the \"Units\") at a price of C$0.12 per Unit (the \"Offering\").Each Unit is composed of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant entitles the holder to purchase one Common Share (a \"Warrant Share\") at an exercise price of C$0.25 for a period of 24 months following the closing of the date of issuance.In connection with the Offering, the Company paid aggregate finder's fees consisting of (i) C$2805.60 (the \"Cash Consideration\") and (ii) 23,380 compensation warrants (the \"Compensation Warrants\") to eligible finders. Each Compensation Warrant entitles the holder to acquire one Unit at a price of C$0.12 per Unit for a period of 24 months from the date of issuance. Each Unit issuable upon exercise of a Compensation Warrant is comprised of one Common Share and one Warrant. Each such Warrant entitles the holder to acquire one Warrant Share at a price of C$0.25 per Warrant Share for a period of 24 months from the date of issuance of the Compensation Warrant.The Company intends to use the net proceeds from the Offering primarily for the preliminary economic assessment by international consultancy firm SRK on the Balangero tailings retreatment project in Italy, exploration programs at the Company's mineral properties, and for general working capital purposes.The closing of the Offering is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. All securities issued and issuable pursuant to the Offering are subject to a four-month plus one day hold period commencing on the date of issuance. Related Party Transactions and Early Warning ReportDr. Keith Barron, CEO and a director of the Company, acquired 4,166,666 Units under the Offering (the \"Acquisition\"). The Acquisition constitutes a \"related party transaction\" as defined under the policies of the TSXV and M...