Daura Gold Closes Upsized Private Placement for $7,000,000

Executive Summary

• Daura Gold Corp. closed an upsized, oversubscribed private placement of 28 million units at $0.25 per unit, raising gross proceeds of $7 million.
• Proceeds will be used to advance exploration on its Ancash, Peru land package—including the Antonella and Yanamina projects—and for general working capital.
• Finders’ fees of $218,277.50 were paid, and finders’ warrants/units were issued to parties who introduced subscribers; all securities are subject to resale restrictions until 2026‑02‑10.

Key Details

• Offering size: 28,000,000 units at $0.25 per unit → gross proceeds: $7,000,000.
• Unit composition: 1 common share + ½ share purchase warrant (each whole warrant allows purchase of one additional common share at $0.375, exercisable until 2027‑10‑09).
• Use of proceeds:
• Advancement of exploration land package in Ancash Department, Peru (Antonella flagship project and Yanamina Project ~40 km north).
• General working capital.
• Finders’ compensation: $218,277.50 paid in cash; issuance of 1,782,970 finders’ warrants and 909,860 finders’ units to eligible third‑parties.
• Finder securities terms: Same exercise price ($0.375) and expiry (2027‑10‑09) as the primary warrants; subject to resale restrictions until 2026‑02‑10.
• Management comment: President Mark Sumner expressed satisfaction with the oversubscribed placement and confidence in Daura’s project pipeline.

Notable Quotes

“We're very pleased to have completed this upsized, oversubscribed $7 million private placement,” – Mark Sumner, President, Daura Gold Corp.

Materiality Assessment: Material – Positive (significant financing that funds core exploration activities and enhances the company’s capital position).