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:

Aurelius Minerals closes the final tranche of its C$6M private placement

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

Aurelius Minerals Inc (CVE:AUL) (OTCMKTS:AURQD) (FRA:1GA0) reported that it has closed the final $510,000 tranche of its previously announced non-brokered private placement equity financing, raising gross proceeds of $6,041,000. 

The company said net proceeds from the offering will be used for corporate and general working capital purposes. 

In total, Aurelius issued 9,393,500 of its common shares on a post-consolidation basis in the two-tranche financing. 

READ: Aurelius Minerals focused on advancing its Nova Scotia assets down the path to production

The company noted that the final tranche included the issuance of 400,000 company shares for gross proceeds of $240,000 and 400,000 flow-through shares for gross proceeds of $270,000.

The flow-through funds will be used to incur eligible ‘Canadian exploration expenses’ on or before December 31, 2022, as defined under the Income Tax Act (Canada).   

Aurelius added the final tranche was sold through Raymond James Ltd and the shares issued are subject to a statutory four-month hold period.

Aurelius Minerals is a gold explorer that is advancing its flagship Aureus gold properties comprising four assets in Nova Scotia.

These assets include the Aureus East mine, which has a 300 tonne per day (tpd) mine and mill – one of only two permitted gold mines and mills in the Canadian province. The company also has the Aureus West, Tangier and Forest Hill properties.

Across all four assets, there are 73,000 ounces of gold in the Indicated category and 354,200 Inferred ounces. Aurelius believes there is extensive resource growth potential, reserve conversion and exploration upside.

Contact Sean at [email protected]

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 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 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)

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.