Aurion Resources Sees Kinross Gold Purchase Company Shares To Maintain 9.98% Equity

Aurion Resources Ltd. (TSXV: AU) announced yesterday a non-brokered private placement with Kinross Gold Corporation. The offering will enable the latter to maintain its 9.98% equity of the company.

The private offering comprises the sale of a minimum of 1,669,769 common shares and a maximum of 1,881,542 common shares at $0.90 per share. Kinross Gold previously purchased 6,853,500 shares from the company to acquire 9.98% ownership

The mining firm also previously announced a brokered private placement earlier this month, offering 15,000,000 shares at $0.90 per share, with an over-allotment option to purchase an additional 1,666,667 shares. This has been made with a syndicate of agents led by Red Cloud Securities Inc.

Both the closing of the two offerings are expected to be on November 25, 2021, subject to customary closing conditions and regulatory approvals.

Aurion Resources last traded at $1.15 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. 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. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Secures Two Additional Exploration Licenses For Flagship Project

First Majestic Posts Record Quarterly Silver Production In Q3

Related News

Kinross Gold: BMO Lifts Price Target On Chirano Mine Sale

Yesterday, Kinross Gold (TSX: K) announced the sale of its Chirano mine in Ghana. The...

Tuesday, April 26, 2022, 03:46:00 PM

Kinross Gold Gets Bent Over In Sale Of Russian Assets

Kinross Gold (TSX: K) is finally selling off its Russian assets. After announcing last week...

Tuesday, April 5, 2022, 08:16:16 AM

Kinross Gold: BMO Expects The Sale of Russian Assets

Last week, Kinross Gold Corporation (TSX: K) announced the suspension of its Russian operations. Impacted...

Sunday, March 13, 2022, 11:17:00 AM

Royal Gold Closes All-Cash Purchase Of Great Bear Royalties

The Great Bear story has come to a final close this morning, with the closing...

Friday, September 9, 2022, 08:23:02 AM

Kinross Purchases 70% Stake In Peak Gold Project For $93.7 Million

Kinross Gold Corp (TSX: L) (NYSE: KGC) is expanding its operations in Alaska. The company...

Wednesday, September 30, 2020, 09:30:44 AM