Aurion Resources closes $743,400 private placement

Executive Summary

• Aurion Resources completed a non‑brokered private placement of 885,000 units to Kinross Gold Corp. at C$0.84 per unit, generating gross proceeds of $743,400.
• The transaction maintains Kinross’s ownership at approximately 9.99 % on a partially diluted basis and grants Kinross additional pre‑emptive rights and board nomination privileges.
• Net proceeds will be used to advance the flagship Risti project in Finland and for general working capital.

Key Details

• Units Issued: 885,000 units (each unit = 1 common share + ½ warrant).
• Price per Unit: C$0.84.
• Gross Proceeds: $743,400.
• Warrant Terms: Each warrant allows purchase of one common share at $1.08 for three years post‑closing, with acceleration provisions in certain circumstances.
• Closing Date: September 3, 2025.
• Ownership Impact:
• Kinross will hold ~9.75 % of Aurion’s issued and outstanding common shares on a non‑diluted basis.
• On a partially diluted basis, ownership remains at ~9.99 %.
• Additional Rights Granted to Kinross:
• Right to participate in future equity financings to maintain pro‑rata ownership up to a 9.99 % stake (partially diluted).
• Nomination right for one director (or two if the board expands to eight or more members).
• Use of Proceeds: Primarily for exploration and advancement of the Risti project in Finland, with remaining funds allocated to general working capital.

Notable Quotes

(No direct quotes were provided in the release.)