Aurania reports that ridge and spur soil sampling has identified extensive and coherent areas of elevated silver and other pathfinder elements at the Yawi target in its Lost Cities – Cutucu Project (the “Project”) in Ecuador. These pathfinder elements are typical of the upper parts of epithermal gold-silver systems in the region. This data delineates two roughly parallel areas of metal enrichment each approximately 600 metres long and open along trend.
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Toronto, Ontario, October 9, 2018 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FRANKFURT: 20Q) (“Aurania” or the “Company”) reports that it has entered into a capital markets support agreement (the “Agreement”) with Noble Capital Markets Inc. (“Noble”), a Florida corporation. Noble is a FINRA- and SEC- registered broker dealer with knowledge and experience with respect to building corporate awareness to investors, capital markets transactions, long-range planning and capital markets structuring and other matters that may be significant to the future business and operations of the Company.
Aurania reports that significant copper mineralization has been discovered by two separate regional exploration teams in the Lost Cities – Cutucu Project in Ecuador. The discoveries are approximately 20 kilometres (14 miles) apart: the first target is called “Jempe” and the other, “Kirus.” The discoveries were made during exploration of two of the many magnetic targets identified from the geophysical survey conducted over the Project.
Aurania reports that an extension to its Crunchy Hill target has been confirmed in pathfinder element enrichment in soil over a one-kilometre trend. Pathfinder element enrichment outlines the shape of what appears to be an underlying vein system which, combined with other datasets, is being used to refine the form and depth of a possible epithermal gold-silver target.
Aurania announces it will be applying to the TSX Venture Exchange for approval to extend the expiry date of 1,069,909 outstanding common share purchase warrants that were issued in connection with a private placement conducted on April 20, 2017, as further described in the Company’s April 20 and May 29, 2017 news releases.
Aurania is pleased to announce that further to its news releases dated June 1, June 29 and July 12, 2018, the Corporation has completed the second and final tranche of its non-brokered offering of 2,219,400 units (“Units”) of the Company by way of a private placement at a price of C$2.00 per Unit for total gross proceeds of C$4,438,800 (the “Offering”). The Corporation issued an aggregate of 2,000,000 Units in the first tranche of the Offering for gross proceeds of C$4,000,000 and an additional 219,400 Units were issued in the second tranche of the Offering for gross proceeds of C$438,800.
Aurania Resources provides an update on its activities for the three-month period ended June 30, 2018. Details of the Company’s results are contained in the Financial Statements and Management’s Discussion and Analysis dated August 29, 2018 which are available on SEDAR at www.sedar.com and the Company’s website www.aurania.com.
Aurania Resources is pleased to announce that BTV’s CEO Clips, will feature Aurania on CBC’s Documentary Channel beginning August 27, 2018 through September 9, 2018, Monday through Friday, throughout the day and evenings.
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 Resources Ltd.
36 Toronto St, Suite 1050
Phone: (416) 367-3200
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