Business
Auryn closes $15M bought deal offering
Auryn closes $15M bought deal offering Auryn closes $15M bought deal offering Ca...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"\n\n\n\nAuryn closes $15M bought deal offering\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\nAuryn closes $15M bought deal offering\nCanada NewsWire\nVANCOUVER, May 4, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nVANCOUVER, May 4, 2016 /CNW/ - Auryn Resources Inc. (TSX-V: AUG, OTCQX: GGTCF \"Auryn\" or the \"Company\") is pleased to announce that it has completed its previously announced bought deal short form prospectus offering of 4,285,714 non-flow through shares (the \"Common Shares\"), which includes 559,006 Common Shares issued on exercise of the underwriters' full over-allotment option, at an issue price of CAD$1.40 per Common Share and 4,732,700 flow through shares (the \"Flow-Through Shares\"), which includes 617,309 Flow-Through Shares issued on exercise of the underwriters' full over-allotment option, at an issue price of CAD$1.89 per Flow-Through Share, for aggregate gross proceeds of $14,944,802.60 (the \"Offering\"). The Offering was conducted by a syndicate of underwriters led by Beacon Securities Limited and including PI Financial Corp., Canaccord Genuity Corp. and Echelon Wealth Partners Inc. (formerly, Euro Pacific Canada Inc.).\n\nThe proceeds received by the Company from the sale of the Flow-Through Shares will be used to incur Canadian exploration expenditures that are \"flow-through mining expenditures\" (as such terms are defined in the Income Tax Act (Canada)) on the Company's mineral concessions, which will be renounced to the subscribers with an effective date no later than December 31, 2016, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of Flow-Through Shares. The proceeds received by the Company from the sale of the Common Shares will be used by the Company for general corporate and working capital purposes.\n\nOn Behalf of the Board\n\nShawn WallacePresident, CEO and Director\n\nAbout Auryn Resources: Auryn Resources is a junior mining exploration company focused on deliveri...