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Aurion Completes Brokered Offering and Non-Brokered Participation by Kinross for Aggregate Gross Proceeds of Approximately C$9.0 Million
Aurion Completes Brokered Offering and Non-Brokered Participation by Kinross for Aggregate Gross ...
About this update from Aurion Resources Ltd.
[{"type":"text","content":"\n\n\n\n Aurion Completes Brokered Offering and Non-Brokered Participation by Kinross for Aggregate Gross Proceeds of Approximately C$9.0 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 /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 Aug. 7, 2024\n \n\n\n /CNW/ - Aurion Resources Ltd.\n \n (TSXV: AU) (OTCQX: AIRRF)\n \n (\"Aurion\"\n \n or the\n \n \"Company\")\n \n announces that it has completed its previously announced best efforts private placement (the \"\n \n Brokered\n \n\n Offering\n \n \"), and non-brokered private placement (the \"\n \n Non-Brokered Financing\n \n \", and collectively with the Brokered Offering, the \"\n \n Offerings\n \n \"), for aggregate gross proceeds of approximately\n \n C$9,036,481\n \n from the sale of 16,429,965 common shares of the Company (the \"\n \n Common Shares\n \n \") at a price of\n \n C$0.55\n \n per Common Share (the \"\n \n Issue Price\n \n \").\n \n\n\n Best Efforts Private Placement\n \n\n\n Under the Brokered Offering, the Company issued an aggregate of 14,545,455 Common Shares at a price of\n \n C$0.55\n \n per Common Share for aggregate gross proceeds of\n \n C$8,000,000\n \n , which includes the full exercise of the agent's option.\n \n\n The Brokered Offering was led by Red Cloud Securities Inc., as lead agent and sole bookrunner, on behalf of a syndicate of agents including Canaccord Genuity Corp., Haywood Securities Inc., and Ventum Financial Corp. (collectively, the \"\n \n Agents\n \n \"). In consideration for their services, the Agents received a cash commission of approximately\n \n C$447,780\n \n . Additionally, the Agents received, in aggregate, 814,145 non-transferable broker warrants (the \"\n \n Broker Warrants\n \n \"), with each such Broker Warrant exercisable for one Common Share at a price of\n \n C$0.55\n \n per Common Share at any time on or before\n \n August 7, 2026\...