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Aurion Completes Offering Led by C$5 Million from Eric Sprott and Concurrent Non-Brokered Participation by Kinross Gold Corporation for aggregate of C$11,105,499
Aurion Completes Offering Led by C$5 Million from Eric Sprott and Concurrent Non-Brokered ...
About this update from Aurion Resources Ltd.
[{"type":"text","content":"\n\n\n\nAurion Completes Offering Led by C$5 Million from Eric Sprott and Concurrent Non-Brokered Participation by Kinross Gold Corporation for aggregate of C$11,105,499\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 31, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n \nST. JOHN'S, July 31, 2019 /CNW/ - Aurion Resources Ltd. (TSXV:AU) (\"Aurion\" or the \"Company\") is pleased to announce that it has completed its previously announced marketed private placement (the \"Offering\"), and its non-brokered private placement (the \"Non-Brokered Financing\") for an aggregate of 7,403,666 common shares (the \"Common Shares\") of the Company at a price of C$1.50 per Common Share (the \"Issue Price\"), and for gross proceeds of C$11,105,499.\nMarketed Private Placement\nUnder the Offering, the Company issued an aggregate of 6,666,666 Common Shares at a price of C$1.50 per Common Share for aggregate gross proceeds of C$9,999,999.  \nAs previously announced, Eric Sprott purchased $5 Million of the Offering and now owns 5.0% of Aurion on a basic shares outstanding basis. \nThe Offering was led by Cormark Securities Inc. on behalf of a syndicate of underwriters including Haywood Securities Inc., Medalist Capital Ltd., Sprott Capital Partners LP, Canaccord Genuity Corp., and PI Financial Corp. (collectively, the \"Underwriters\"). In consideration for their services, the Underwriters received a cash commission equal to 6.0% of the gross proceeds of the Offering and broker warrants to purchase such number of common shares equal to 6.0% of the number of Common Shares issued under the Offering at a price per common share equal to the Issue Price for a period of 24 months from the closing of the Offering.\nNon-Brokered Private Placement\nUnder the Non-Brokered Financing, the Company issued an aggregate of 737,000 Common Shares at a price of C$1.50 per Common Share for aggregate gross proceeds of C$1,105,500. The Non-Brokered Financing was fu...