Daura Gold increases private placement to $7-million

Executive Summary

• Daura Gold Corp. upsizes its non‑brokered private placement to a maximum of $7 million, offering up to 28 million units at $0.25 per unit.
• Each unit includes one common share and half of a purchase warrant; warrants allow acquisition of an additional share at $0.375 for 24 months after closing.
• Proceeds will be used to advance exploration on the Antonella flagship project and the nearby Yanamina project in Peru’s Ancash region, as well as for general working capital.

Key Details

• Offering Size: Up to 28 million units (non‑brokered private placement).
• Price per Unit: $0.25, yielding gross proceeds of up to $7 million.
• Unit Composition: 1 common share + ½ share purchase warrant.
• Warrant Terms: Right to purchase an additional common share at $0.375 per share; exercisable for 24 months post‑closing.
• Use of Proceeds:
• Advancement of exploration land package in Ancash, Peru (Antonella and Yanamina projects).
• General working capital purposes.
• Finder’s Fees: Company will pay fees to eligible third parties that introduced subscribers.
• Resale Restrictions: Securities subject to a four‑month‑plus‑one‑day lock‑up period under applicable securities laws.
• Closing Conditions: Completion pending approval of the TSX Venture Exchange.

Notable Quotes

“We are very grateful to those who have supported us in this upsized, oversubscribed private placement… This oversubscribed offering puts Daura in a strong position to advance and accelerate our work and community programs across Daura's projects.” – Mark Sumner, President, Daura Gold Corp.