Core Points - Aurania Resources Ltd. has successfully closed an oversubscribed non-brokered private placement financing, raising total gross proceeds of C$1,906,355.76 through the issuance of 15,886,298 units at a price of C$0.12 per unit [1][2] Financing Details - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to purchase one common share at an exercise price of C$0.25 for a period of 24 months [2] - The company paid finder's fees totaling C$5,118.40 in cash and issued 42,653 compensation warrants, each allowing the acquisition of one additional unit at C$0.12 for 24 months [3] Use of Proceeds - The net proceeds from the offering will primarily be used for exploration programs, general working capital, and the first payment of 2025 mineral concession fees in Ecuador [4] Related Party Transactions - Dr. Keith Barron, CEO and director, acquired 5,741,666 units in the offering, which is classified as a related party transaction. The company is relying on exemptions from minority shareholder approval due to the acquisition's fair market value not exceeding 25% of the company's market capitalization [6] Company Overview - Aurania is a mineral exploration company focused on precious metals and copper in South America, with its flagship asset being The Lost Cities - Cutucu Project located in Ecuador [8]