Daura Gold Upsizes Non-Brokered Private Placement to C$3 Million
Daura raises $3m at $0.23 to fund drilling at its Argentina and Peru projects.
Daura Gold Corp. has increased the size of its previously announced non-brokered private placement from $2 million to $3 million. The offering consists of up to 13,043,478 units priced at $0.23 per unit. Each unit comprises one common share and one-half of a share purchase warrant. The warrants are exercisable at $0.375 per share for a period of 24 months following closing.
Gross proceeds of up to $3,000,000 will fund Phase II drilling at Cerro Bayo, initial drilling at La Flora in Argentina, and Phase I drilling at Antonella in Peru, alongside general working capital. The securities carry a 4-month-and-1-day hold period and require TSX Venture Exchange approval. This follows the initial $2 million announcement on September 9, 2026, reflecting strong investor interest.
Daura Gold Corp. (DGC) announced an upsizing of its capital raise, a routine follow-up to the September 9 financing announcement that indicates sustained investor appetite at the $0.23 price point. The capital raise directly funds the company's stated exploration roadmap, specifically the transition from Phase I to Phase II drilling in Argentina and the initiation of drilling in Peru.
The transaction adds approximately 13 million shares and 6.5 million warrants to the capital structure. This financing aligns with management's guidance and prior-period context, providing necessary runway to execute planned drill programs without immediate distress. No strategic shifts, M&A, or unexpected operational breakthroughs are introduced; the market impact is expected to be incremental and supportive of near-term exploration activity.
Daura Gold Corp. (DGC) is a pre-revenue junior exploration company focused on high-grade gold and silver projects in South America. Its flagship asset is the Antonella-Libelulas project in Ancash, Peru, where the company holds a 100% interest over approximately 15,900 hectares. Historic drilling and recent infill sampling have revealed high-grade intervals, including 22.4m @ 4.36 g/t Au and surface samples up to 57.34 g/t Au.
The company also manages secondary projects, including Tayacoto, a polymetallic Ag-Pb-Cu-Zn deposit with surface samples up to 1,249 g/t Ag; Yanamina, which holds a historical resource of 206,800 oz Au; and the Cerro Bayo/La Flora option in Argentina's Deseado Massif. Daura’s strategy involves leveraging district-scale land packages adjacent to major producers, utilizing AI-driven targeting, and advancing multiple drill-ready targets to create parallel paths to resource definition.