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Aurion Completes Brokered Offering and Non-Brokered Participation by Kinross for Aggregate Proceeds of C$16.7 Million
Aurion Completes Brokered Offering and Non-Brokered Participation by Kinross for Aggregat...
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 Proceeds of C$16.7 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 /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n ST. JOHN'S, NL\n \n ,\n \n Nov. 25, 2021\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 it has completed its previously announced fully marketed private placement (the \"\n \n Offering\n \n \") and non-brokered private placement (the \"\n \n Non- Brokered Financing\n \n \"), for an aggregate of 18,548,167 common shares (the \"\n \n Common Shares\n \n \") of the Company at a price of\n \n C$0.90\n \n per Common Share (the \"\n \n Issue Price\n \n \") for aggregate gross proceeds of\n \n C$16,693,350\n \n .\n \n \n \n \n \n \n \n \n \n \n Marketed Private Placement\n \n \n \n Under the Offering, the Company issued an aggregate of 16,666,667 Common Shares at a price of\n \n C$0.90\n \n per Common Share for aggregate gross proceeds of\n \n C$15,000,000\n \n , which includes the full exercise of the agent's option.\n \n \n \n The Offering was led by Red Cloud Securities Inc., as lead agent and sole bookrunner, on behalf of a syndicate of agents including Cormark Securities Inc., Haywood Securities Inc. and PI Financial Corp. (collectively, the \"\n \n Agents\n \n \"). In consideration for their services, the Agents received a cash commission equal to 6.0% of the gross proceeds of the Offering, other than in respect of certain purchasers on a president's list (the \"\n \n President's List\n \n \"), in which case such cash commission was reduced to 3.0%. Additionally, the Agents received broker warrants (the \"\n \n Broker Warrants\n \n \") to purchase such number of common shares equal to 6.0% of the number of Common Shares issued under the Offering, other than in respect of certain purchasers on the President's List, in which case such...