The Prospector News

Aurion Closes Private Placement of $2.525 Million

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Aurion Closes Private Placement of $2.525 Million

 

 

 

 

 

 

Aurion Resources Ltd. (TSX-V:AU) announces that in conjunction with a previously announced $2.525 million financing it has completed the non-brokered portion of said financing raising proceeds of CAN$1,500,000, pursuant to which it issued 3,750,000 shares at a price of CDN$0.40 per share. The brokered CAN$1.025 million portion of the financing for the same terms closed on September 23, 2016. No fees were payable on the non-brokered portion of the financing.

 

 

The proceeds of the proposed financing will be used for advancing our existing portfolio of 100% owned projects in Finland, project generation and for general working capital purposes.

 

 

All securities issued under the Offering will be subject to a four-month hold period from the date of issue. This transaction is subject to final documentation and approval of the TSX Venture Exchange.

 

 

About Aurion

 

 

Aurion is focused on precious metals exploration in Finland. Aurion controls approximately 300,000 hectares of exploration tenements in the Central Lapland Greenstone Belt of Northern Finland is highly prospective, underexplored but host to major gold and base metal deposits and mines. It currently has a joint venture with B2Gold Inc. on a 25,000 hectare project area including the Kutuvuoma and Ahvenjarvi projects.

 

Posted September 29, 2016

Share this news article

MORE or "UNCATEGORIZED"


Treasury Announces Closing of C$2.8 Million Bought Deal Private Placement

Treasury Metals Inc. (TSX: TML)is pleased to announce that ... READ MORE

November 21, 2019

AMEX Announces Partial Exercise of Underwriter’s Option for Additional Gross Proceeds of $981,900 and Aggregate Gross Proceeds of $8,982,000

Further to its press release dated November 7, 2019, Amex Explora... READ MORE

November 21, 2019

Barksdale Defines Shallow Copper Porphyry Drill Target at San Antonio

Barksdale Capital Corp. (TSX-V:BRO) (OTCQB:BRKCF) is pleased to a... READ MORE

November 21, 2019

Group Ten Closes Oversubscribed Private Placement Financings, Including Investments by Sprott Asset Management and GoldSpot Discoveries

Group Ten Metals Inc. (TSX-V: PGE) (OTC: PGEZF) (FSE: 5D32) is pl... READ MORE

November 21, 2019

Tectonic Metals Drills 6.03 g/t Au Over 28.95 Metres Discovering New Mineralized Structure at Tibbs Property

Tectonic Metals Inc. (TSX-V:TECT) announced assay results of its ... READ MORE

November 21, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions