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Aurion Announces Brokered Private Placement for up to C$5.0 Million
Aurion Announces Brokered Private Placement for up to C$5.0 Million Canada NewsWire ...
About this update from Aurion Resources Ltd.
[{"type":"text","content":"\n \n \n \n Aurion Announces Brokered Private Placement for up to C$5.0 Million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n ST. JOHN'S, NL\n \n \n ,\n \n \n March 22, 2023\n \n \n /CNW/ -\n \n Aurion Resources Ltd.\n \n (TSXV: AU) (OTCQX: AIRRF) (\"\n \n Aurion\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has entered into a letter agreement (the \"\n \n Agreement\n \n \") with Red Cloud Securities Inc. (\"\n \n \n Red Cloud\n \n \n \") to act as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the \"\n \n Agents\n \n \") in connection with a fully marketed, private placement for the sale of up to 9,090,909 common shares of the Company (the \"\n \n Offered Shares\n \n \") at a price of\n \n C$0.55\n \n per Offered Share (the \"\n \n Offering Price\n \n \") for gross proceeds of up to\n \n C$5,000,000\n \n (the \"\n \n Offering\n \n \").\n \n \n The Company has granted to the Agents an option, exercisable in full or in part up to 48 hours prior to the closing of the Offering, to sell up to an additional 1,818,181 Offered Shares at the Offering Price for additional gross proceeds of up to\n \n C$1,000,000\n \n .\n \n \n The Company plans to use the net proceeds of the Offering for the exploration and advancement of the Company's projects in\n \n Finland\n \n , which includes its Risti and Launi projects and its joint venture properties with B2Gold Corp. and Kinross Gold Corporation, as well as for general working capital purposes.\n \n \n The Offering is scheduled to close on or around\n \n April 12, 2023\n \n and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The Offered Shares will have a hold period of four months and one day from the closing date of the Offering.\n \n \n ...