Daura Gold closes $7-million private placement

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.
• Each unit includes one common share and half a warrant; warrants allow purchase of additional shares at $0.375 until October 9 2027.
• Proceeds will be used to advance exploration in the Ancash region of Peru (Antonella and Yanamina projects) and for general working capital.

Key Details

• Units sold: 28,000,000 units @ $0.25 per unit → $7,000,000 gross proceeds.
• Unit composition: 1 common share + ½ warrant (exercise price $0.375 per share).
• Warrant term: Exercisable until October 9 2027.
• Use of proceeds:
• Advancement of exploration land package in Ancash, Peru (Antonella flagship project and Yanamina project ~40 km north of Antonella).
• General working capital purposes.
• Finder compensation: Paid $218,277.50 in finder fees; issued 1,782,970 finder warrants and 909,860 finder units to eligible third parties. Finder warrants share the same exercise terms as the primary warrants.
• Resale restrictions: All securities issued are subject to a lock‑up until February 10 2026 per applicable securities laws.

Notable Quotes

“We're very pleased to have completed this upsized, oversubscribed $7‑million private placement,” said Mark Sumner, President of Daura Gold Corp. “With this financing now complete, we're moving forward with our exploration and community initiatives across our projects.”