Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Aurania Resources closes upsized C$11.5 million offering to help advance its South American mineral properties

% of readers think this story is Fact. Add your two cents.

Aurania Resources Ltd (CVE:ARU) (FRA:20Q) has closed its overnight marketed public offering of units which included an overallotment option that raised C$11.5 million to advance its portfolio of mineral properties in South America.

The funds will be directed towards exploration at the firm’s Lost Cities-Cutucu project in Ecuador as well as early-stage exploration at its adjacent Peru properties.

Aurania recently started drilling on the highly prospective Tskenken N2 copper-silver target at Lost Cities-Cutucu and plans to start an additional drill program in southeastern Ecuador in the next few months.

READ: Aurania Resources confirms the extension of the Tirania-Shimpia target on the Lost CIties-Cutucu gold project in Ecuador

In a statement Thursday, the Toronto-based company said a total of 2,679,500 units were sold at C$4.30 apiece. The scheme was upsized from 2.33 million units for initial proceeds of C$10 million.

Each unit is comprised of one share and one-half warrant exercisable at C$5.50 for a two-year period following Thursday’s closing date.

The deal was led by Cantor Fitzgerald Canada Corporation together with a syndicate of underwriters.

Aurania said it paid the underwriters C$690,312 and issued 160,770 compensation warrants exercisable into a unit at $4.30 per each until October 29, 2022.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.