Aurania arranges $1.5-million private placement

Executive Summary

• Aurania Resources Ltd. announced a non‑brokered private placement of up to 12.5 M units at C$0.12 per unit, targeting gross proceeds of up to C$1.5 M (with an optional 25 % increase for additional C$375 k).
• Each unit consists of one common share and one common‑share purchase warrant (exercise price C$0.25, exercisable for 24 months).
• Net proceeds will be used primarily for exploration programs, general working capital, and partially to fund the first 2025 mineral concession fees in Ecuador.

Key Details

• Offering Size: Up to 12.5 M units (C$0.12 per unit) → up to C$1.5 M gross proceeds.
• Optional Upsize: Additional 3,125,000 units (25 % of base size) → up to C$375,000 extra gross proceeds.
• Unit Composition: 1 common share + 1 common‑share purchase warrant.
• Warrant Terms: Exercise price C$0.25 per share; exercisable for 24 months after closing.
• Use of Proceeds: Primarily exploration programs and general working capital; portion may cover first payment of 2025 Ecuador mineral concession fees.
• Finder Compensation: Up to 7 % cash of gross proceeds plus up to 7 % in finder warrants (each warrant for one additional unit at issue price, exercisable 24 months). Subject to TSX‑V approval.
• Subscription Process: Interested parties must email [email protected] to register interest.
• Closing Date: Anticipated around Aug. 20 2025; may occur in tranches and is subject to regulatory approvals (including TSX‑V listing of shares and warrants).
• Hold Period: Securities subject to a four‑month‑plus‑one‑day hold period under Canadian securities law. Warrants will not be listed on the TSX‑V and therefore are non‑tradable.
• Insider Participation: Certain directors/officers expected to subscribe; transaction qualifies as a related‑party transaction but is exempt from minority shareholder approval/valuation requirements because fair market value and consideration are each < 25 % of market cap.

Notable Quotes

(No CEO/President quotes were provided in the release.)