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Aurion Announces Closing of Private Placement with Kinross Gold Corporation
Aurion Announces Closing of Private Placement with Kinross Gold Corporation Canada...
About this update from Aurion Resources Ltd.
[{"type":"text","content":"\n\n\n\nAurion Announces Closing of Private Placement with Kinross Gold Corporation\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.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nST. JOHN'S, Sept. 13, 2017\n\n\n\n TSX-V: AU\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES/\n\n\n\nST. JOHN'S, Sept. 13, 2017 /CNW/ - Aurion Resources Ltd. (TSX VENTURE: AU) (\"Aurion\" or the \"Company\") is pleased to announce that it has completed its previously announced non-brokered private placement of 6,853,500 common shares (a \"Share\") with Kinross Gold Corporation (\"Kinross\").  The Shares were issued at a price of $2.32 per Share, raising gross proceeds of $15,900,120 (the \"Private Placement\").  Following completion of the Private Placement, Kinross owns 9.98% of the issued and outstanding share capital of the Company.  \n\nThe net proceeds from the Private Placement will be used by the Company for exploration and development of its properties in Finland, and for working capital and general corporate purposes.\n\nAll securities issued in connection with the Private Placement will be subject to a four-month hold period from the date of closing of the Private Placement.\n\nThe securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.\n\nFor further information on these projects please visit our website at www.aurionresources.com \n\nForward-Looking Statement\n\nCertain statements contained in this release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words \"could\", \"intend\", \"expect\", \"believe\", \"will\", \"projected\", \"estimated\" and similar expre...