Business
Auric Minerals Announces Commencement of New LIFE Offering and Proposed Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2026) - Auric Minerals Corp. (CSE: AUMC) (FSE: QJ4) ("Auric" or the "Company") announces that it is comm
About this update from Auric Minerals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 2, 2026) - Auric Minerals Corp. (CSE: AUMC) (FSE: QJ4) (\"Auric\" or the \"Company\") announces that it is commencing a new non-brokered private placement offering pursuant to the \"listed issuer financing exemption\" (the \"LIFE Offering\") under Part 5A of National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\") (such exemption, the \"Listed Issuer Financing Exemption\"), following the expiry of its previously announced LIFE offering. The prior LIFE offering, announced on January 21, 2026, has expired as the completion period has elapsed. The Company is initiating this new LIFE Offering to continue its capital raising efforts. The Company intends to complete the new LIFE Offering through the issuance of a minimum of 7,142,857 units of the Company (each, a \"Unit\"), up to a maximum of 9,523,810 Units, at a price of $0.21 per Unit, for gross proceeds of a minimum of $1,500,000 and a maximum of $2,000,000. Each Unit will consist of: (i) one common share of the Company (each, a \"Share\") and (ii) one common share purchase warrant (each, a \"Warrant\"), with each Warrant entitling the holder thereof to acquire one additional Share at an exercise price of $0.30 for a period of 24 months from the issuance thereof. In connection with the LIFE Offering, the Company may pay: (i) cash finder's fees of up to 6% of the gross proceeds raised from such investors introduced to the Company by such finders; and (ii) non-transferable Warrants equal up to 6% of the aggregate number of Units issued to those investors. Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the Units sold pursuant to the LIFE Offering will be offered in all Provinces of Canada except Québec pursuant to the Listed Issuer Financing Exemption. Subject to the rules and policies of the Canadian Securities Exchange (\"CSE\"), the securities issuable from the sale of Units to Canadian resident subscribers will not be subject to a hold period under applicable Canadian securities laws. Insiders and certain consultants that participate in the LIFE Offering would be subject to a four-month hold period in respect of securities issued pursuant to applicable policies of the CSE. There is an offering document related to the LIFE Offering that can be accessed under the Company...