Auriginal Mining Corp. Closes Private Placement for Over $4.8 million

Executive Summary

• Auriginal Mining Corp. closed its non‑brokered private placement, raising approximately C$4.80 million in gross proceeds.
• The offering consisted of regular hard‑dollar units, flow‑through shares, and charity flow‑through units, each accompanied by purchase warrants exercisable at C$0.12 for 24 months.
• Proceeds will be used to fund eligible Canadian exploration expenses on the flagship Roger Project in Quebec, with qualifying expenditures to be incurred by 31 Dec 2026.

Key Details

• Total gross proceeds: ~C$4,798,542.
• Units sold:
• 2,221,428 regular hard‑dollar units @ C$0.07 each (each unit = 1 common share + ½ warrant).
• 36,164,752 flow‑through shares @ C$0.09 each.
• 12,071,429 charity flow‑through units @ $0.115 each (each unit = 1 common share + ½ warrant).
• Warrant terms: All warrants exercisable at C$0.12 per common share for a period of 24 months post‑closing; subject to a four‑month hold period.
• Insider participation: Four insiders purchased securities totaling $165,500 (related‑party transaction under MI 61‑101).
• Use of proceeds: To incur eligible “Canadian exploration expenses” qualifying as flow‑through critical mineral mining expenditures on the Roger Project; expenditures to be incurred by 31 Dec 2026 and renounced to FT shareholders by 31 Dec 2025.
• Finder fees: Cash payments up to $219,257 (≈7% of proceeds) plus up to 2,311,353 non‑transferable finder warrants (≈7% of FT and charity units sold).
• Finder Warrants exercisable at $0.09 (1,712,928 warrants) or $0.12 (598,425 warrants) for 24 months; also subject to a four‑month hold period.
• Regulatory notes: Securities not registered under U.S. securities laws; offering not an offer in the United States.

Notable Quotes

(No direct quotes were included in the release.)