Business
Auryn Resources Inc. Closes Non-brokered Private Placement for $7.3 Million
VANCOUVER , Dec. 11, 2014 /CNW/ - Auryn Resources Inc. (TSX-V: AUG, " Auryn " or the " ...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"\n\nVANCOUVER, Dec. 11, 2014 /CNW/ - Auryn Resources Inc. (TSX-V: AUG, \"Auryn\" or the \"Company\"), is pleased to announce that it has completed its previously announced private placement. The gross proceeds of $7,313,300 were raised by issuing 11,251,230 common shares of the Company at a price of $0.65 per share (the \"Offering\").  The shares sold under the Offering are subject to a four-month hold period.\n\nA total of $96,423 or approximately 1.3% of the gross proceeds was paid in fees incurred in connection with the Offering and no share purchase warrants were issued. The net proceeds of the Offering will be used by the Company to continue its pursuit of mineral property opportunities globally.\n\nShawn Wallace, President and CEO stated, \"The level of interest that we have experienced during this capital raise, particularly in the context of the current market conditions for junior mining companies, is an excellent endorsement of our Company, our strategy and our track record. The increase in the financing allowed the Company to include several new key cornerstone investors. \n\nOur current cash position, coupled with prudent treasury management, will allow the Company to focus on deploying its capital in the most accretive manner possible so that we may once again create value for our shareholders and stakeholders.\"\n\nThe Offering remains subject to receipt of final applicable regulatory approvals, including approval of the TSX Venture Exchange.\n\nOn Behalf of the Board\"Shawn Wallace\"\n\nShawn Wallace President, CEO and Director\n\nForward Looking Information\n\nThis release includes certain statements that may be deemed \"forward-looking statements\". Forward-looking information is information that includes implied future performance and/or forecast information including information relating to, or associated with, exploration and or development of mineral properties. These statements or graphical information involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements.\n\nDisclaimer\n\nThis news release does not constitute an offer to sell or a solicitation of an ...