Dr. Richard Spencer reports
AURANIA RAISES C$5.2 MILLION FROM THE EXERCISE OF WARRANTS
Aurania Resources Ltd. shareholders have exercised warrants to a value of $5,234,061 by the expiry date of Dec. 29, 2019. These warrants, each of which entitled the holder to purchase one common share of Aurania at $3, were issued in private placements undertaken by the company in 2017 and 2018. Following the exercise of these warrants, Aurania has 38,368,100 common shares outstanding.
One set of warrants was issued pursuant to Aurania's 2017 private placement financing and was extended from an expiry date of Oct. 19, 2019, to Dec. 29, 2019. The other set of warrants were issued in June, 2018, as part of Aurania's 2018 private placement (tranche one) and expired on Dec. 29, 2019. There were also a number of warrants exercised from tranche two of Aurania's 2018 private placement, which have an expiry date of March 6, 2020.
About Aurania Resources Ltd.
Aurania is a junior mineral exploration 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.
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