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Aurion Announces Upsize of Brokered Private Placement to up to CAD$6.5 Million
Aurion Announces Upsize of Brokered Private Placement to up to CAD$6.5 Million Canada N...
About this update from Aurion Resources Ltd.
[{"type":"text","content":"\n \n \n \n Aurion Announces Upsize of Brokered Private Placement to up to CAD$6.5 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 /\n \n NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n ST. JOHN's, NL\n \n \n ,\n \n \n July 16, 2024\n \n \n /CNW/ -\n \n Aurion Resources Ltd.\n \n (TSXV: AU)\n \n (\"Aurion\"\n \n or the\n \n \"Company\")\n \n announces that due to significant investor demand, the Company has increased the size of its previously announced fully marketed private placement (the \"\n \n Offering\n \n \") from\n \n C$5,000,000\n \n to\n \n C$6,500,000\n \n from the sale of up to 11,818,182 common shares of the Company (the \"\n \n Shares\n \n \") at a price of\n \n C$0.55\n \n per Share (the \"\n \n Offering Price\n \n \").\n \n \n \n Red Cloud\n \n is acting as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the \"\n \n Agents\n \n \") under the Offering. The Company has granted 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 2,727,273 Shares for additional gross proceeds of up to\n \n CAD$1,500,000\n \n (the \"\n \n Agents' Option\n \n \"). If the Agents' Option is exercised in full, the aggregate gross proceeds of the Offering will be approximately\n \n C$8.0 million\n \n .\n \n \n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (\"\n \n NI 45-106\n \n \"), the Shares will be offered for sale to purchasers in all of the provinces and territories of\n \n Canada\n \n , except Québec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \"\n \n Listed Issuer Financing Exemption\n \n \"). The Shares issued to Canadian resident subscribers will not be subject to a hold period under applicable Canadian securities legislation. The Shares may also be so...