Aurion Completes Brokered Financing and Concurrent Non-Brokered Pro Rata Participation by Kinross Gold Corporation for C$6,47...
2019年4月10日 - 10:00PM
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Aurion Resources Ltd. (TSXV:AU) (“
Aurion” or the
"
Company") is pleased to announce that it has
completed its previously announced bought deal private placement
(the “
Brokered Financing”), including the exercise
in full of the underwriter’s option, and its non-brokered private
placement (the “
Non-Brokered Financing”, and
together with the Brokered Offering, the
“
Financings”) of an aggregate of 6,166,300
common shares (the “
Common Shares”) of the Company
at a price of C$1.05 per Common Share (the “
Issue
Price”), for aggregate gross proceeds of C$6,474,615.
Bought Deal Private
Placement
Under the Brokered Financing, the Company issued
an aggregate of 5,476,300 Common Shares (including 714,300 Common
Shares issued upon the exercise in full by the Underwriters (as
defined herein) of the over-allotment option) at a price of C$1.05
per Common Share for aggregate gross proceeds of C$5,750,115.
The Brokered Financing was led by Haywood
Securities Inc. on behalf of a syndicate of underwriters including
Canaccord Genuity Corp., Medalist Capital Ltd., Sprott Capital
Partners LP, and PI Financial Corp. (collectively, the
“Underwriters”). In consideration for their
services, the Underwriters received a cash commission equal to 6.0%
of the gross proceeds of the Brokered Financing and broker warrants
to purchase such number of common shares equal to 6.0% of the
number of Common Shares issued under the Brokered Financing at a
price per common share equal to the Issue Price for a period of 24
months from the closing of the Brokered Financing.
Non-Brokered Private
Placement
Under the Non-Brokered Financing, the Company
issued an aggregate of 690,000 Common Shares at a price of C$1.05
per Common Share for aggregate gross proceeds of C$724,500. The
Non-Brokered Financing was fully subscribed for by Kinross Gold
Corporation (“Kinross”). Kinross exercised its pro
rata right granted pursuant to a prior financing to maintain a
9.98% interest in the issued and outstanding shares of the
Company.
The net proceeds received by the Company from
the Financings will be used for exploration activities on Aurion’s
100%-owned properties in Finland, including drilling at the
Company’s Risti Property, and for working capital and general
corporate purposes.
All securities issued in connection with the
Offering are subject to a four-month-and-one-day statutory hold
period.
The securities offered have not been, and will
not be, registered under the U.S. Securities Act of 1933 (the
“U.S. Securities Act”) or any U.S. state
securities laws, and may not be offered or sold in the United
States absent registration or any applicable exemption from the
registration requirements of the U.S. Securities Act and applicable
U.S. state securities laws. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy securities
in the United States, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
For further information on Aurion Resources Ltd.
please contact:
Mike Basha, President & CEO, at (709)
699-8300 or (709) 722-2141 or mbasha@aurionresources.ca
For further information on these projects please
visit our website at www.aurionresources.com
On behalf of the Board,
Mike Basha, President & CEO
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Aurion Resources (TSXV:AU)
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から 11 2024 まで 12 2024
Aurion Resources (TSXV:AU)
過去 株価チャート
から 12 2023 まで 12 2024