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Auryn Resources Inc. Announces Increase to Previously Announced Bought Deal Offering
Auryn Resources Inc. Announces Increase to Previously Announced Bought Deal Offering ...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"\n\n\n\nAuryn Resources Inc. Announces Increase to Previously Announced 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 Resources Inc. Announces Increase to Previously Announced Bought Deal Offering\nCanada NewsWire\nVANCOUVER, April 11, 2016\n\n\n\nNOT 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 due to increased demand, it has amended the terms of its previously announced bought deal offering of flow through (\"Flow-Through Shares\") and non-flow through shares (the \"Common Shares\", and together with the Flow-Through Shares, the \"Offered Shares\") to increase the size of the offering to $12,995,480. Under the amended terms of the Offering, a syndicate of underwriters (the \"Underwriters\") led by Beacon Securities Limited has agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 4,115,391 Flow-Through Shares at a price of $1.89 per Flow-Through Share and 3,726,708 Common Shares at a price of $1.40 per Common Share (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 617,309 Flow-Through Shares and/or 559,006 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 $1,949,322. In the event that the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Offering to the Company will be $14,944,803.\n\nThe closing of the Offering is expected to occur on or about May 3, 2016 and is subject to the completion of for...