Aurania Resources in accordance with the requirements of the policies of the TSX Venture Exchange, wishes to provide an update on the status of the non-brokered financing by way of a private placement of the Company’s units (each a “Unit”) at $2.00 per Unit for the gross proceeds of up to $4,000,000 subject to the option of the Company to offer an additional 500,000 Units (the “Offering”), initially announced in the Company’s June 1, 2018 news release. As subsequently announced on June 29, 2018, the Company has completed the first tranche of the Offering by placing 2,000,000 Units for the gross proceeds of $4,000,000. Due to a continuing interest, the Company exercised an overallotment option, thereby increasing the maximum size of the Offering to 2,500,000 Units in total.
Aurania is pleased to announce that further to its news releases dated June 1, 2018, it has completed a first tranche of a non-brokered private placement financing of 2,000,000 units of the Company at a price of $2.00 per Unit, for total gross proceeds of $4,000,000.
Aurania is pleased to announce that its shareholders have approved all resolutions at its Annual and Special Meeting (the “Meeting”) which was held on June 13, 2018, including the appointment of a new director, Mr. Alfred Lenarciak.
Aurania announces that it will hold its Annual and Special Meeting of Shareholders (the “Meeting”) on Wednesday, June 13, 2018 at Vantage Venues, 150 King Street West, 27th Floor, S7-Caledonia Room, in Toronto.
The format of the Meeting will be as follows:
3:00 pm – Chairman & CEO, Dr. Keith Barron will provide an overview and history of the Lost Cities – Cutucu project (the “Project”) in southeastern Ecuador.
4:15pm – Formal meeting commences, followed by a brief update on progress on the Project from President, Dr. Richard Spencer
Resource World Magazine ran an article about Aurania Resources titled ‘Aurania Seeking Lost Cities of Gold in Ecuador’ by Jennifer Getsinger, PhD, PGeo. This article was published in the June/July 2018 issue of Resource World.
Aurania is pleased to announce that it intends to complete a non-brokered private placement financing of up to 2,000,000 units (the “Units”) at a price of $2.00 per Unit, for total gross proceeds of up to $4,000,000 (the “Offering”). Each Unit will consist of one common share of the Company (a “Common Share”) and one-half Common Share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share at an exercise price of $3.00 for a period of 18 months following closing of the Offering.
Aurania is pleased to report the discovery of a new epithermal zone some eight kilometres south of the “Crunchy Hill” area (See Press Release dated April 6, 2018). The new discovery, named “Yawi” means “thermal spring” or “area with hot water” in the local Shuar language.
Swiss Resource Capital covers Aurania’s Lost Cities – Cutucu Project through a video presentation on Commodity TV.
Aurania announces that it has closed a US$2.0 million convertible debenture financing with Dr. Keith Barron, the Company’s Chairman, CEO and largest shareholder. The funds from the Debenture enable the Company to maintain the full 2,080 square kilometre (“km2”) concession package that constitutes the Lost Cities – Cutucu Project in Ecuador.
Aurania Resources Ltd.
36 Toronto St, Suite 1050
Phone: (416) 367-3200
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