Aurion arranges $9.29-million private placement

Executive Summary

• Aurion Resources Ltd. entered into a non‑brokered private placement with a strategic investor for 11.06 million units at C$0.84 per unit, raising approximately C$9.3 million.
• The strategic investor will own about 6.88 % (non‑diluted) or 9.98 % (partially diluted) of Aurion’s common shares post‑offering and received board nomination rights.
• At least 75 % of net proceeds are earmarked for exploration and technical work on the 100 % owned Risti project.

Key Details

• Units subscribed: 11.06 million units (each unit = 1 common share + ½ warrant).
• Total consideration: C$9,290,400 (C$0.84 per unit).
• Warrant terms: Each warrant allows purchase of one common share at C$1.08 for three years after closing; may be accelerated under certain conditions.
• Post‑offering ownership: ~6.88 % non‑diluted, ~9.98 % partially diluted of issued and outstanding common shares.
• Use of proceeds: Minimum 75 % to fund exploration and technical programs on the Risti project (100 % owned).
• Investor Rights Agreement: Grants strategic investor rights to:
• Participate in future equity financings to maintain pro‑rata ownership or acquire up to a 9.99 % stake (partially diluted).
• Nominate one director (or two if board expands to ≥8 directors).
• Closing date: Expected on or around September 3, 2025, subject to TSX Venture Exchange acceptance and other approvals.

Notable Quotes

(No direct quotes were provided in the release.)