Business
Auric Minerals Corp. Announces LIFE Offering and Provides Clarification of Hold Period for Prior Security Issuance
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Auric Minerals Corp. (CSE: AUMC) ("Auric" or the "Company") is pleased to announce that it intends to complete a 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"), as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing...
About this update from Auric Minerals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Auric Minerals Corp. (CSE: AUMC) ("Auric" or the "Company") is pleased to announce that it intends to complete a 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"), as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (such exemption, the "Listed Issuer Financing Exemption").","length":620,"tagName":"p"},{"type":"text","content":"The Company intends to complete the LIFE Offering through the issuance of a minimum of 2,400,000 units of the Company (each, a "Unit") and a maximum of 4,800,000 Units, at a price of $0.25 per Unit, for gross proceeds of a minimum of $600,000 and a maximum of $1,200,000. 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 $0.33 for a period of 24 months commencing from 60 days following the Closing Date (as defined herein).","length":653,"tagName":"p"},{"type":"text","content":"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.","length":299,"tagName":"p"},{"type":"text","content":"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 se...