New York, Oct. 9 - Aurion Resources Ltd. said it increased its private placement of units to C$1.05 million from the original C$600,000.
The offering is now made up of 7 million units at C$0.15 each. It was announced as 4 million units on Sept. 16.
Each unit is made up of one common share and one share purchase warrant exercisable for 36 months at C$0.25. The warrants were previously exercisable for 18 months.
Aurion can accelerate the warrants if its stock closes above C$0.40 for 30 consecutive trading days.
Proceeds from the non-brokered placement will be used to advance the company's mineral projects and for general working capital.
Aurion is a Vancouver, B.C., resources company. It currently owns two gold and silver projects in Mexico.
| Issuer: | Aurion Resources Ltd.
|
| Issue: | Units
|
| Amount: | C$1.05 million
|
| Units: | 7 million
|
| Price: | C$0.15
|
| Warrants: | 1 per unit
|
| Warrant strike price: | C$0.25
|
| Warrant expiration: | 36 months
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 16 (upsized Oct. 9)
|
| Stock symbol: | TSX Venture: AU
|
| Stock price: | C$0.20 at close Oct. 9
|
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