Aurania obtains $750,000 loan from CEO Barron

Executive Summary

• Aurania Resources Ltd. has entered into a related-party loan agreement with its Chairman, President, and CEO, Dr. Keith Barron, for up to $750,000.
• The unsecured facility bears 2% annual interest and matures 12 months and one day after a repayment demand, which may be issued at any time.
• Proceeds will fund the preliminary economic assessment for the Balangero tailings retreatment project in Italy and general working capital, strategically avoiding immediate shareholder dilution.

Key Details

• Loan Amount & Structure: Up to $750,000 in principal, advanced from time to time in amounts as agreed by the parties.
• Interest & Maturity: Unsecured loan bearing interest at 2% per annum; matures 12 months and one day after the lender demands repayment, which may be provided at any time following the agreement date.
• Use of Proceeds: Financing the preliminary economic assessment on the Balangero tailings retreatment project in Italy (including related laboratory/assay fees) and general working capital.
• Related-Party Status: Dr. Barron is a related party by virtue of holding the roles of Chairman, President, CEO, promoter, and principal shareholder; each advance and repayment constitutes a related-party transaction under Multilateral Instrument 61-101.
• Regulatory Exemption: The company relies on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the transaction collectively does not exceed 25% of the company's market capitalization.
• Board Approval & Filing: Approved by independent board directors; no special committee was established; no materially contrary views or abstentions were expressed. The company expedited the transaction and did not file a material change report >21 days prior to closing.

Notable Quotes

• Dr. Keith Barron: "This loan provides the company with additional working capital to continue advancing its projects while preserving shareholder value. Importantly, this structure avoids immediate dilution and reflects my confidence in our strategy and our projects as we continue work on multiple fronts."