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Aurania Resources Ltd.

Aurania is a junior exploration mining company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
The net proceeds raised through the issue of Units will be used for capital purchases, optimization & scaling of design/production, R&D, and for general working capital.

The gross proceeds raised from the sale of the Units will be used by the Company for mineral exploration, which includes continuing the geochemical sampling survey and prospecting that has been successful in discovering several epithermal targets, additional geophysical surveys over specific target areas, and remote sensing, all with a focus on further defining specific drill targets, and for general working capital purposes.

Offering to Accredited Investors and existing shareholders through the Existing Shareholder Exemption 

Unit Price:C$2.00 per unit

Each Unit will consist of one common share of the Company (a “Common Share”) and one-half Common Share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share at an exercise price of $3.00 for a period of 18 months following closing of the Offering.

Closing Date: On or about June 20, 2018 


Press release details available here
Company financial statements are available at SEDAR.com

raise amount: C$4.0 million

minimum investment: C$2,500

corporate video

financial summary

as of: 04-Jun-2018
TSXV ARU
Last Close Price C$2.55
High-Low (52-weeks) C$7.57-1.51
Shares Outstanding 29.6 million
Options 1.72 million
Market Capitalization C$75.4 million
Cash C$1.36 million
Debt C$3.61 million
Website www.aurania.com/
   
   

historical performance

as of: 04-Jun-2018

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Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.

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