Aurania Resources closes overnight marketed public offering and concurrent private placement

2 minute read
21 October 2021

On October 21, 2021, Aurania Resources Ltd. (TSXV: ARU) (Frankfurt: 20Q) ("Aurania") announced that it had closed its previously announced overnight marketed public offering of units, including the exercise in full of the over-allotment option granted to the underwriters. The offering was completed pursuant to a short form prospectus dated October 14, 2021 and filed in the provinces of Ontario, British Columbia and Alberta. A total of 3,835,250 units were sold in the offering at a price of $1.80 per unit, for gross proceeds to the company of approximately $6.9 million. 

Aurania concurrently closed a non-brokered private placement of units for gross proceeds of an additional approximately $2.26 million. 

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America.  

Gowling WLG advised Aurania with respect to both the public offering and private placement with a team that included France Tenaille, Ian Mitchell, Jacob Cawker, Ashley Andaya and Lee Sykes.

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