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Aurion Announces Upsized Overnight Marketed Private Placement of C$10 Million of Common Shares Led by a C$5 Million Investment from Eric Sprott
Aurion Announces Upsized Overnight Marketed Private Placement of C$10 Million of Common Sh...
About this update from Aurion Resources Ltd.
[{"type":"text","content":"\n\n\n\nAurion Announces Upsized Overnight Marketed Private Placement of C$10 Million of Common Shares Led by a C$5 Million Investment from Eric Sprott\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\nCanada NewsWire\nST JOHN'S, July 10, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n ST JOHN'S, July 10, 2019 /CNW/ - Aurion Resources Ltd. (TSXV: AU) (\"Aurion\" or the \"Company\") is pleased to announce that in connection with its previously announced private placement financing, the Company and a syndicate of agents led by Cormark Securities Inc. (collectively, the \"Agents\") have agreed to increase the size of the overnight marketed offering of common shares (the \"Securities\") from the treasury of the Company to $10 million, at a price of $1.50 per Security (the \"Offering\").\nClosing of the Offering is expected to occur on or about July 31, 2019 and is subject to regulatory approval, including that of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a statutory four-month hold period.\nThe net proceeds received by the Company from the Offering will be used for exploration of Aurion's properties in Finland and for working capital and general corporate purposes.\nThis press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.\nFor further information on Aurion's projects please visit our website at www.aurionresources.com.\nOn behalf of the Board,Mike Basha, Pr...