Aurania Announces Non-Brokered Private Placement of up to $1.5 Million

Core Viewpoint - Aurania Resources Ltd. plans to conduct a non-brokered private placement financing of up to 12,500,000 units at a price of C$0.12 per unit, aiming for total gross proceeds of up to C$1,500,000, with a potential increase of 25% [1][3] Financing Details - The offering consists of units that include one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of C$0.25 for 24 months post-closing [2] - The company may pay finders' fees of up to 7% in cash and 7% in finder warrants to eligible finders, subject to TSX Venture Exchange approval [4] Use of Proceeds - Net proceeds from the offering will primarily fund exploration programs, general working capital, and the first payment of 2025 mineral concession fees in Ecuador [3] Closing and Regulatory Approvals - The closing of the offering is expected around August 20, 2025, and is subject to necessary regulatory approvals, including TSXV approval for the listing of common shares and warrant shares [6][7] Insider Participation - Certain directors and officers are expected to acquire units under the offering, which will be treated as a related party transaction, relying on exemptions from minority shareholder approval and formal valuation requirements [8] Company Overview - Aurania is focused on mineral exploration, particularly in precious metals and copper in South America, with its flagship asset being The Lost Cities — Cutucu Project in Ecuador [10]