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Auryn Closes Additional CAD$4.9M in Non-Brokered Private Placement
VANCOUVER, BC / ACCESSWIRE / February 27, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE Americ...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"Auryn Closes Additional CAD$4.9M in Non-Brokered Private PlacementVANCOUVER, BC / ACCESSWIRE / February 27, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) (\"Auryn\" or the \"Company\") is pleased to announce that due to increased interest, a second allotment has closed in its previously announced non-brokered private placement through the issuing of an additional 3,062,500 common shares (the \"Shares\") priced at CAD$1.60 per Share for gross proceeds of CAD$4.9 million (the \"Offering\"). Auryn raised a total of CAD$15 million through the issuance of 9,375,000 common shares in February 2020, putting the Company in a strong financial position. No commissions were paid on the second allotment.A Message from Ivan Bebek, Executive Chairman & Director:\"2020 is going to be an exciting year for Auryn shareholders as the Company is anticipating drill permits for two major discovery opportunities in Peru. The Company appreciates the continued support that it receives from shareholders and insiders in these financings and is pleased to welcome additional accretive investors.\"Proceeds from the placement will be used to fund continued surface exploration at its Sombrero and Curibaya projects located in southern Peru and for general working capital.The Shares issued under the Offering are subject to a four-month hold period under Canadian securities laws. The Shares have not been registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), and have not been offered or sold in the United States other than pursuant to available exemptions from the registration requirements of the U.S. Securities Act. Any Shares sold to investors in the United States are \"restricted securities\" and subject to restrictions on resale under the U.S. Securities Act.On Behalf of the Board,Ivan BebekExecutive Chairman and DirectorFor further information on Auryn Resources, please contact Natasha Frakes, Manager of Corporate Communications at (778) 729-0600 or [email protected] AurynAuryn Resources is a technology-driven junior exploration company focused on finding and advancing globally significant precious and base metal deposits. The company has a portfolio approach to asset acquisition and has seven projects, including two flagships: the Committee Bay high-grade gold project in Nunavut and the...