Aurania Resources ( (TSE:ARU) ) has shared an announcement.
Aurania Resources Ltd. announced a non-brokered private placement financing to raise up to C$1.5 million through the issuance of 5,000,000 units at C$0.30 per unit. The proceeds are intended for general working capital and potentially for mineral concession fees in Ecuador. The offering includes common shares and purchase warrants, with potential insider participation considered a related party transaction. The financing aims to strengthen Aurania’s financial position, supporting its exploration activities in South America.
More about Aurania Resources
Aurania Resources is a mineral exploration company focused on the identification, evaluation, acquisition, and exploration of mineral property interests, particularly in precious metals and copper in South America. Its flagship project, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range in southeastern Ecuador.
YTD Price Performance: -24.44%
Average Trading Volume: 48,070
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$32.83M
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