Daura Gold increases private placement to $6.5-million

Executive Summary

• Daura Gold Corp. upsized its non‑brokered private placement to a maximum of $6.5 million, offering up to 26 million units at $0.25 per unit.
• Each unit includes one common share and half of a share purchase warrant (full warrant exercisable at $0.375 per share for 24 months post‑closing).
• Proceeds will be used to advance exploration on the Antonella and Yanamina projects in Peru’s Ancash region and for general working capital.

Key Details

• Offering Size: Up to 26 million units (non‑brokered private placement).
• Price per Unit: $0.25, representing a gross proceeds potential of $6.5 million.
• Unit Composition: 1 common share + ½ share purchase warrant; each full warrant allows purchase of one additional common share at $0.375.
• Warrant Terms: Exercisable for 24 months after the closing of the offering.
• Use of Proceeds:
• Advancement of exploration land package in Ancash, Peru (including flagship Antonella project and Yanamina project located ~40 km north of Antonella).
• General working capital purposes.
• Finder’s Fees: Company will pay fees to eligible third parties that introduced subscribers to the offering.
• Resale Restrictions: All securities issued are subject to a resale restriction period of four months and one day under applicable securities laws.
• Closing Conditions: Completion remains subject to approval by the TSX Venture Exchange.

Notable Quotes

“We are very encouraged by the strong demand for this financing, which has exceeded $6.5‑million. This support will allow Daura to accelerate its plans and expand the scope of our upcoming work programs.” – Mark Sumner, President, Daura Gold Corp.