Canadian exploration company Aurion Resources (OTCQX:AIRRF [https://seekingalpha.com/symbol/AIRRF]) (TSXV:AU:CA [https://seekingalpha.com/symbol/AU:CA]) announced [https://seekingalpha.com/pr/20211153-aurion-announces-c-9_3-million-strategic-investment] on Tuesday a C$9.29M non-brokered private placement of 11.06M units priced at C$0.84 per unit.
Each unit will comprise one share and one-half of one share purchase warrant. Each warrant entitles the holder to acquire one share at C$1.08 for a period of three years following the close of the offering.
At least 75% of the net proceeds will be used to advance exploration and technical work programs on the company's 100% owned Risti project.
The private placement is expected to result in a strategic investor holding of ~6.88% of the issued and outstanding shares on a non-diluted basis and ~9.98% on a partially-diluted basis.
The offering is scheduled to close on or around September 3.
MORE ON AURION RESOURCES
* Historical earnings data for Aurion Resources Ltd. [https://seekingalpha.com/symbol/AU:CA/earnings]
* Financial information for Aurion Resources Ltd. [https://seekingalpha.com/symbol/AU:CA/income-statement]
Aurion announces ~C$9.3M private placement of units
Published 2 months ago
Aug 26, 2025 at 11:58 AM
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