Aurion Resources Looks To Raise At Least $5.0 Million

Aurion Resources (TSXV: AU) this morning announced that it intends to conduct a private placement for gross proceeds of no less than $5.0 million. The offering, lead by Cormark Securities, will see at least 5.9 million common shares of the company sold.

Shares under the offering are to be priced at $0.85 per share, with no warrant involved within the financing. The company intends to provide the definitive size of the offering within “the context of the market following successful marketing of the offering.” The short of it appears to be that the company will willingly take any funds that are offered to it.

Proceeds from the offering are to be used for exploration and general corporate and working capital purposes.

The offering is currently expected to close February 23, 2021.

Aurion Resources last traded at $0.95 on the TSX Venture.


Information for this analysis was found via Sedar and Aurion Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

B2Gold Records Q2 2021 Gold Revenue Of US$363.0 Million

B2Gold Corp. (TSX: BTO) announced Wednesday its quarterly financial performance for Q2 2021, highlighting gold...

Thursday, August 5, 2021, 10:44:00 AM

Freeman Gold Sees Bought Deal Upsized to $9.0 Million

Freeman Gold Corp (CSE: FMAN) has upsized its bought deal financing announced this morning from...

Wednesday, June 24, 2020, 12:06:39 PM

SKRR Exploration Closes $1.2 Million Financing

SKRR Exploration (TSXV: SKRR) has closed a private placement just five days after announcement. The...

Wednesday, August 26, 2020, 09:02:21 AM

Great Bear Resources Expects High Gold Recovery Rates From Dixie

Not wanting to fall out of relevance in a bustling market, Great Bear Resources (TSXV:...

Tuesday, September 22, 2020, 08:12:56 AM

Central Bank Gold-Buying In 2022 Was at A 55-Year High, WGC Says

Central banks broke a 55-year gold-buying record in 2022. The gold rush, which is likely...

Wednesday, February 1, 2023, 02:17:00 PM