Aurania Announces Increase in Size of Non-Brokered Private Placement

Executive Summary

• Aurania Resources Ltd. increased its non‑brokered private placement to a maximum of C$1,800,000 (up to 15 million units) at C$0.12 per unit, with an option to add another 3.75 million units for up to C$450,000.
• Each unit consists of one common share and one warrant; the warrant allows purchase of a share at C$0.25 for 24 months after closing.
• Net proceeds will be used primarily for exploration programs, general working capital, and the first payment of 2025 Ecuador mineral concession fees.

Key Details

• Offering Size: Up to C$1,800,000 gross proceeds (15 million units at C$0.12 per unit).
• Optional Upsize: Additional up‑to‑25 % increase possible – up to 3.75 million extra units for an additional C$450,000.
• Unit Composition: 1 common share + 1 common‑share purchase warrant per unit.
• Warrant Terms: Exercise price C$0.25 per share; exercisable for 24 months post‑closing.
• Use of Proceeds: Exploration programs, general working capital, and partial payment of 2025 Ecuador mineral concession fees.
• Finders’ Fees: Up to 7 % cash of gross proceeds plus up to 7 % in finder warrants (each warrant = 1 unit at issue price, exercisable for 24 months).
• Closing Timeline: Anticipated around August 20, 2025; may occur in tranches and is subject to regulatory approvals.
• Hold Period: Securities subject to a four‑month plus one‑day hold period under Canadian securities law.
• Insider Participation: Certain directors/officers expected to subscribe; transaction qualifies as a related‑party transaction but will rely on MI 61‑101 exemptions (no valuation/approval required if <25 % market cap).
• Listing Status: Common shares to be listed on TSXV; warrants are not eligible for listing and therefore non‑tradeable.

Notable Quotes

(No direct quotes were provided in the release.)