Daura Gold Upsizes Private Placement to $7,000,000

Executive Summary

• Daura Gold Corp. upsizes its previously announced non‑brokered private placement to up to 28 million units for gross proceeds of up to C$7 million.
• Each unit consists of one common share and a half‑share purchase warrant (full warrant exercisable at $0.375 per share for 24 months).
• Proceeds will be used to advance exploration on the Antonella flagship project, the Yanamina Project, and for general working capital.

Key Details

• Offering Size: Up to 28,000,000 units (previously announced lower amount).
• Unit Price: $0.25 per unit, representing a total potential gross proceeds of C$7,000,000.
• Composition of Each Unit:
• 1 common share of Daura Gold Corp.
• ½ of a share purchase warrant (combined to form one whole warrant).
• Warrant Terms: Right to acquire an additional common share at $0.375 per share, exercisable for 24 months after closing.
• Use of Proceeds:
• Advancement of exploration land package in Ancash Department, Peru – specifically the Antonella flagship project and the Yanamina Project (≈40 km north of Antonella).
• General working capital purposes.
• Finder’s Fees: Company will pay eligible third‑party finders’ fees for introducing subscribers to the offering.
• Resale Restrictions: All securities issued are subject to a four‑month‑and‑one‑day resale restriction under applicable securities laws.
• Closing Conditions: Completion remains subject to approval by 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