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Aurania Resources Announces Closing of C$1.5 Million Private Placement
Toronto, Ontario--(Newsfile Corp. - March 30, 2022) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") is pleased to an
About this update from Aurania Resources Ltd.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - March 30, 2022) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (\"Aurania\" or the \"Company\") is pleased to announce that it has closed the second and final tranche (the \"Final Tranche\") of its non-brokered private placement (the \"Offering\") of up to 2,142,857 units of the Company (the \"Units\") for gross proceeds of up to C$1,500,000, previously announced on February 28, 2022. An aggregate of 410,000 Units were sold in the Final Tranche and 1,586,653 Units were sold under the first tranche (the \"First Tranche\"), in each case at a price of C$0.70 per Unit, for a total number of 1,996,653 Units for aggregate gross proceeds of C$1,397,657.10. Each Unit is comprised of one common share in the capital of the Company (each, a \"Common Share\") and one Common Share purchase warrant (each, a \"Warrant\"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of C$1.25 at any time for a period of 24 months following the date of issuance. There were no finders' fees payable in connection with the Final Tranche. The Common Shares and Warrants comprising the Units, and the Common Shares underlying the Warrants, are subject to a statutory hold period of four months and a day from the date of issuance and, as applicable, hold periods under United States securities laws. The Offering remains subject to the final acceptance of the TSX Venture Exchange (the \"TSXV\"). For further details concerning the Offering, including the First Tranche and the expected use of proceeds thereof, please see the Company's news releases dated February 28, 2022, March 18, 2022, and March 28, 2022. The securities described in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") and may not be offered or sold in the United States or to, or for the account or benefit of, \"U.S. persons\" (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or...