Mr. William Tsang reports
DAURA GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR UP TO $5,000,000
Daura Gold Corp. will offer up to 20 million units by way of non-brokered private placement at a price of 25 cents per unit for gross proceeds of up to $5-million. Each unit will consist of one common share of the company and one-half-of-one share purchase warrant. Each warrant will entitle the holder to acquire an additional common share of the company at a price of 37.5 cents for a period of 24 months following closing of the offering.
The company expects to utilize the proceeds of the offering for advancement of its exploration land package in the Ancash department of Peru, including exploration, project studies and permitting at the company's flagship Antonella project and the Yanamina project 40 kilometres, north of Antonella, and for general working capital purposes.
In connection with completion of the offering, the company will pay finders' fees to eligible third parties who have introduced subscribers to the offering. All securities issued in connection with the offering will be subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. completion of the offering remains subject to the approval of the TSX Venture Exchange.
About Daura Gold Corp.
Listed on the TSX Venture Exchange, Daura is advancing high-impact exploration projects in Peru's renowned Ancash region. Daura owns a 100-per-cent undivided interest in over 15,900 hectares of exploration concessions in Ancash, including the 900-hectare Antonella target and adjacent 2,900 Libelulas concessions, which is the primary focus of Daura's current exploration efforts.
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