JOHN's, NL, July 16, 2024 /CNW/ -
Aurion Resources Ltd. announces that due to significant investor demand, the Company has increased the size of its previously announced fully marketed private placement from C$5,000,000 to C$6,500,000 from the sale of up to 11,818,182 common shares of the Company at a price of C$0.55 per Share . Red Cloud is acting as lead agent and sole bookrunner on behalf of a syndicate of agents under the Offering. The Company has granted the Agents 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 2,727,273 Shares for additional gross proceeds of up to CAD$1,500,000 . If the Agents' Option is exercised in full, the aggregate gross proceeds of the Offering will be approximately C$8....