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Aurion Announces Upsize of Brokered Private Placement to up to C$13.5 Million
Aurion Announces Upsize of Brokered Private Placement to up to C$13.5 Million C...
About this update from Aurion Resources Ltd.
[{"type":"text","content":"\n \n \n \n Aurion Announces Upsize of Brokered Private Placement to up to C$13.5 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 \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 ST. JOHN'S, NL\n \n ,\n \n Nov. 5, 2021\n \n /CNW/ -\n \n Aurion Resources Ltd.\n \n (TSXV: AU) (OTCQX: AIRRF)\n \n (\"Aurion\" or the \"Company\")\n \n is pleased to announce 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$10,000,000\n \n to\n \n C$13,500,000\n \n from the sale of up to 15,000,000 common shares of the Company (the \"\n \n Offered Shares\n \n \") at a price of\n \n C$0.90\n \n per Offered Share (the \"\n \n Offering Price\n \n \").\n \n \n Red Cloud Securities Inc. 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 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 1,666,667 Offered Shares at the Offering Price for additional gross proceeds of up to\n \n C$1,500,000\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 exploration properties in\n \n Finland\n \n and for general working capital purposes.\n \n \n The Offering is scheduled to close on or around\n \n November 25, 2021\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 \n This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in\n \n the United States\n \n . The securities have not be...