Core Points - Aurania Resources Ltd. has successfully closed a non-brokered private placement, raising gross proceeds of C$771,776.92 through the issuance of 6,431,466 units at a price of C$0.12 per unit [1][4] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one share at C$0.25 for 24 months [2] - The net proceeds will primarily fund a preliminary economic assessment on the Balangero tailings retreatment project in Italy, exploration programs, and general working capital [4] Offering Details - The offering included finder's fees of C$2,805.60 and 23,380 compensation warrants, each allowing the acquisition of one unit at C$0.12 for 24 months [3] - The closing of the offering is subject to necessary regulatory approvals, including final approval from the TSX Venture Exchange [5] Related Party Transactions - Dr. Keith Barron, CEO and director, acquired 4,166,666 units in the offering, constituting a related party transaction [6] - Following the acquisition, Dr. Barron holds approximately 45.05% of the issued and outstanding common shares on a non-diluted basis [7][8] Company Overview - Aurania is focused on mineral exploration, particularly in precious metals and critical energy sectors in Europe and abroad [11]

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]