Business
Auryn Resources Inc. To Raise up to $3,250,000
VANCOUVER , Oct. 16, 2014 /CNW/ - Auryn Resources Inc. (TSX-V: AUG, "Auryn" or the "Com...
About this update from Fury Gold Mines Limited
[{"type":"text","content":"\n\nVANCOUVER, Oct. 16, 2014 /CNW/ - Auryn Resources Inc. (TSX-V: AUG, \"Auryn\" or the \"Company\"), is pleased to announce that it intends to raise up to $3,250,000 through a non-brokered private placement. The placement will consist of up to 5 million common shares of the Company at a price of CAD$0.65 per share (the \"Offering\"). \n\nThe Company intends to use the proceeds for mineral property acquisitions and general corporate purposes.\n\nThe shares under the Offering will be subject to a four-month hold period and will not be registered in the United States. \n\nShawn Wallace, President and CEO stated, \"Upon completion of the Offering, the Company will have over $5 million to achieve its objective of acquiring a major exploration project. We have also broadened our search to include North and South America as well as Eurasia.\"\n\nClosing of the Offering is anticipated to occur on or before November 16, 2014 and is subject to customary closing conditions including, but not limited to; the negotiation, execution of definitive placement agreements and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.\n\nOn Behalf of the Board\"Shawn Wallace\"\n\nShawn WallacePresident, 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 offer to buy nor shall there be any sale of any of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.  The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state sec...