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An update from Auric Minerals Corp. ( (TSE:AUMC) ) is now available.
Auric Minerals Corp. plans to raise between $600,000 and $1.2 million through a non-brokered private placement using the listed issuer financing exemption, issuing 2.4 million to 4.8 million units at $0.25 per unit, each comprising one common share and one warrant exercisable at $0.33 for 24 months. The financing, expected to close by late February subject to Canadian Securities Exchange approval, is structured to allow most Canadian investors (excluding Québec) to receive freely tradable securities, while insiders and certain consultants face a four-month hold under exchange policies; the company also clarified that 22 million shares and 8 million warrants issued in connection with its Bellview property acquisition are subject to an extended hold tied to the filing of a technical report and interim financial statements, underscoring regulatory compliance and signaling ongoing advancement of its recently acquired assets.
More about Auric Minerals Corp.
Auric Minerals Corp. is a Canadian mineral exploration company based in Oakville, Ontario, focused on the identification, acquisition, exploration and development of mineral projects. The company holds a 100% interest in over 26,500 hectares of uranium-focused mineral properties across multiple mineralized corridors in the English Lake, Otter Lake and Kan projects in Labrador’s Central Mineral Belt, and has an exclusive option to acquire a 100% interest in the Goodeye gold property near Rossland, British Columbia, spanning approximately 1,907 hectares.
Average Trading Volume: 37,264
Technical Sentiment Signal: Buy
Current Market Cap: C$15.9M
For detailed information about AUMC stock, go to TipRanks’ Stock Analysis page.