JOHN'S, NL, July 16, 2024 /CNW/ -
Aurion Resources Ltd. announces that that it has entered into an agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner on behalf of a syndicate of agents in connection with a best efforts, private placement for gross proceeds of up to CAD$5,000,000 from the sale of up to 9,090,909 common shares of the Company at a price of C$0.55 per Share . The Agents will have an option, exercisable in full or in part, up to 48 hours prior to the closing of the Offering, to sell up to an additional 1,818,182 Shares for additional gross proceeds of up to CAD$1,000,000 . Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions , the Shares will be offere...