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Aurion Announces Private Placement Financing with Kinross Gold Corporation
Aurion Announces Private Placement Financing with Kinross Gold Corporation Canada ...
About this update from Aurion Resources Ltd.
[{"type":"text","content":"\n\n\n\nAurion Announces Private Placement Financing 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. 7, 2017\n\n\n\nTSX-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. 7, 2017 /CNW/ - Aurion Resources Ltd. (TSX VENTURE: AU) (\"Aurion\" or the \"Company\") is pleased to announce that the Company has negotiated a non-brokered private placement of common shares with Kinross Gold Corporation (\"Kinross\") at a price of $2.32 per Common Share (the \"Issue Price\"). On closing, Kinross will own 9.98% of the then issued shares of Aurion. Based on the currently issued  and outstanding share capital of Aurion, the private placement will result in the issuance of 6,853,500 shares, for gross proceeds to the Company of $15,900,120 (the \"Private Placement\").\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\nThe Private Placement is expected to close on or about September 13, 2017, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance by the TSX Venture Exchange.\n\nAll securities issued in connection with the Private Placement will be subject to a four-month hold period from the closing date.\n\nMike Basha the President and CEO of Aurion stated: \"We are delighted to welcome Kinross as one of our major shareholders. This significant investment by Kinross validates Aurion's exploration model in the Central Lapland Greenstone Belt, and provides the necessary capital to rapidly advance our comprehensive exploration plans of which the primary focus is the Aamurusko prospect. We also look forward to having access to Kinross's technical expertise via the formation of a joint technical committee as Aurion's programs move forward.\"\n\nThe securities offered have not bee...