13:20:26 EDT Tue 16 Sep 2025
Enter Symbol
or Name
USA
CA



Aurion Resources Ltd
Symbol AU
Shares Issued 149,524,325
Close 2025-08-25 C$ 0.85
Market Cap C$ 127,095,676
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Aurion arranges $9.29-million private placement

2025-08-26 14:54 ET - News Release

Mr. Matti Talikka reports

AURION ANNOUNCES C$9.3 MILLION STRATEGIC INVESTMENT

Aurion Resources Ltd. has arranged a non-brokered private placement with a strategic investor that is expected to result in the strategic investor holding, after giving effect to the offering, approximately 6.88 per cent of the issued and outstanding common shares of Aurion on a non-diluted basis and approximately 9.98 per cent on a partially diluted basis. The strategic investor has agreed to subscribe for 11.06 million units of the company for total consideration of $9,290,400 at a price of 84 cents per unit. Each unit comprises one common share of Aurion and one-half of one common share purchase warrant of Aurion. Each warrant entitles the holder to acquire one common share at a price of $1.08 for a period of three years following the closing date of the offering, subject to acceleration in certain circumstances. At least 75 per cent of the net proceeds of the offering will be used to advance exploration and technical work programs on the company's 100-per-cent-owned Risti project.

Concurrently with the closing of the offering, the strategic investor and Aurion will enter into an investor rights agreement, pursuant to which the strategic investor will be granted certain rights, provided the strategic investor maintains certain ownership thresholds in the company, including: (i) the right to participate in future equity financings and top-up its holdings in the event of dilutive issuances in order to maintain its pro rata ownership in the company at the time of such financing or acquire up to a 9.99-per-cent ownership interest, on a partially diluted basis, in the company; and (ii) the right (which the strategic investor has no present intention of exercising) to nominate one person (and in the case of an increase in the size of the board of directors of Aurion to eight or more directors, two persons) to the board of directors of Aurion.

The offering is scheduled to close on or around Sept. 3, 2025, or such other date(s) as the company and the strategic investor may agree, and is subject to certain conditions, including the acceptance of the TSX Venture Exchange and the receipt of all other necessary approvals.

About Aurion Resources Ltd.

Aurion Resources is a well-financed Canadian exploration company listed on the TSX Venture Exchange and the OTCQX Best Market. Aurion's strategy is to generate or acquire early stage precious metals exploration opportunities and advance them through direct exploration by the company's experienced team or by business partnerships and joint venture arrangements. Aurion's current focus is exploring on its Risti project, as well as advancing its joint venture properties with B2Gold Corp., Kinross Gold Corp. and KoBold Metals Company in Finland.

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