Daura Gold arranges $5-million private placement

Executive Summary

• Daura Gold Corp. announced a non‑brokered private placement of up to 20 million units at $0.25 per unit, targeting gross proceeds of up to $5 million.
• Each unit consists of one common share and half of a share purchase warrant; warrants allow acquisition of additional shares at $0.375 for 24 months after closing.
• Proceeds will be used to advance exploration, project studies, permitting on the Antonella and Yanamina projects in Peru’s Ancash region and for general working capital.

Key Details

• Offering Size: Up to 20 million units (each = 1 common share + ½ warrant).
• Price per Unit: $0.25 → maximum gross proceeds of $5 million.
• Warrant Terms: Each warrant permits purchase of one additional common share at $0.375, exercisable for 24 months post‑closing.
• Use of Proceeds:
• Advancement of exploration land package in Ancash, Peru.
• Exploration, project studies, and permitting for the flagship Antonella project.
• Exploration and permitting for the Yanamina project (≈40 km north of Antonella).
• General working capital.
• Finder’s Fees: Company will pay fees to eligible third parties who introduce subscribers to the offering.
• Resale Restrictions: All securities issued are subject to a four‑month‑and‑one‑day resale restriction under applicable securities laws.
• Regulatory Condition: Completion of the placement is subject to approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)