Aurania closes $1.9-million private placement

Executive Summary

• Aurania Resources Ltd. closed an oversubscribed non‑brokered private placement, raising $1,906,355.76 from the issuance of 15,886,298 units at $0.12 per unit.
• Each unit includes one common share and one warrant (exercise price $0.25, exercisable for 24 months).
• Net proceeds will be used primarily for exploration programs, general working capital, and to fund the first payment of 2025 mineral concession fees in Ecuador.

Key Details

• Gross Proceeds: $1,906,355.76 from 15,886,298 units @ $0.12/unit.
• Unit Composition: 1 common share + 1 common share purchase warrant (exercise price $0.25, 24‑month term).
• Finder Compensation: $5,118.40 cash plus 42,653 compensation warrants; each compensation warrant allows acquisition of one additional unit at $0.12/unit, with its own warrant (exercise price $0.25, 24‑month term).
• Use of Proceeds: Primarily for exploration programs and general working capital; portion allocated to first payment of 2025 mineral concession fees in Ecuador.
• Regulatory Conditions: Closing subject to receipt of all required regulatory approvals, including final TSX Venture Exchange approval; securities subject to a four‑month‑plus‑one‑day hold period from issuance date.
• Related‑Party Transaction: CEO & Director Dr. Keith Barron purchased 5,741,666 units; transaction deemed exempt from minority shareholder approval and formal valuation under MI 61‑101 because fair market value is ≤25 % of market cap.

Notable Quotes

(No direct quotes provided in the release.)