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Auryn Resources Inc. Announces $8 Million Bought Deal Public Offering of Flow-Through Shares and Common Shares
Auryn Resources Inc. Announces $8 Million Bought Deal Public Offering of Flow-Through Shar...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"\n\n\n\nAuryn Resources Inc. Announces $8 Million Bought Deal Public Offering of Flow-Through Shares and Common Shares\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 Resources Inc. Announces $8 Million Bought Deal Public Offering of Flow-Through Shares and Common Shares\nCanada NewsWire\nVANCOUVER, April 11, 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, April 11, 2016 /CNW/ - Auryn Resources Inc. (TSX-V: AUG, OTCQX: GGTCF \"Auryn\" or the \"Company\") is pleased to announce that it has entered into an agreement with Beacon Securities Limited (\"Beacon\"), on behalf of a syndicate of underwriters (collectively, the \"Underwriters\"), to purchase, on a bought deal basis, 3,174,700 flow through shares (\"Flow-Through Shares\") and 1,428,600 non-flow through shares (the \"Common Shares\", and together with the Flow-Through Shares, the \"Offered Shares\") in the capital of the Company at a price of $1.89 per Flow-Through Share (the \"Flow-Through Issue Price\") and $1.40 per Common Share (the \"Common Share Issue Price\") for aggregate gross proceeds to the Company of $8,000,223 (the \"Offering\").\n\nIn addition, the Company has granted to the Underwriters an over-allotment option (the \"Over-Allotment Option\") exercisable, in whole or in part, in the sole discretion of the Underwriters to purchase, in respect of the Offered Shares, up to an additional 476,205 Flow-Through Shares and/or 214,290 Common Shares, in any combination of Common Shares and Flow-Through Shares, at a price of $1.89 per Flow-Through Share and $1.40 per Common Share, for a period of up to 30 days after the closing of the Offering for additional aggregate proceeds to the Company of $1,200,033.45. In the event that the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Offering to the Company will be $9,200,256.45.\n\nThe closing of the Offering is expected to occur on or about May 3, 2016 and is subject to the completion of formal documentation an...