Aurania Announces Non-Brokered Private Placement of Units This Release is Intended FOR Distribution IN Canada Only and is Not Intended FOR Distribution to United States Newswire Services OR FOR Dissemination IN the United States.
TSX-V: ARU
NR 2021-36
AURANIA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS
THIS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Toronto, Ontario, September 13, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company”) announces that its board of directors has given its
approval for a non-brokered private placement of up to 2,083,334 units (each a "Unit") at C$2.40 per Unit
for gross proceeds of up to C$5 million, subject to receipt of all applicable regulatory approvals. Each unit
will consist of one common share in the capital of the Company and one-half of one warrant, wit h each
whole warrant exercisable into one common share at a price of C$3.00 for a period of 24 months after
closing (the “Offering”).
Closing
Closing of the Offering may occur in one or more tranches but is anticipated to be completed on or about
September 30, 2021, or such other date or dates that the Company may determine, subject to the receipt of
all necessary regulatory approvals including (but not limited to) the receipt of approval from the TSX
Venture Exchange.
Use of Proceeds
It is anticipated that the net proceeds from the Offering will be used to advance exploration in the
Company’s Lost Cities – Cutucu Project in Ecuador, including drilling of gold, silver and copper targets,
basic exploration including field work and sampling, corporate social responsibility work with communities
within and immediately adjacent to the concession area , and for general working capital purposes.
Notwithstanding the foregoing, there may be occasions where, for sound business reasons, management of
the Company determines to vary the use of proceeds from those uses previously described, depending on
future operations or unforeseen events or opportunities.
Hold Period
The securities issued pursuant to the Offering shall be subject to a four-month plus one day hold period
commencing on the day of the closing of the Offering under applicable Canadian securities laws. The
Offering is subject to the approval of the TSX Venture Exchange.
Finders
Subject to the approval of the TSX Venture Exchange, the Company may pay finders’ fees to certain eligible
finders of up to 7% in cash of the gross proceeds raised in the Offering with subscribers introduced to the
Company by such finders.
About Aurania
Aurania is a mineral exploration company engage d in the identification, evaluation, acquisition and
exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset,
2
The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the
Andes mountain range of southeastern Ecuador.
Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as
well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd,
and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.
For further information, please contact:
Carolyn Muir
VP Investor Relations
Aurania Resources Ltd.
(416) 367-3200
Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
The securities described in this news release have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered
or sold in the United States or to, or for the account or benefit of, “U.S. persons” (as defined in
Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the
registration requirements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking Information
This news release may contain forward -looking information that involves substantial known and unknown risks and
uncertainties, most of which are beyond the control of Aurania. Forward -looking statements include estimates and
statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its
management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms
as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward -
looking statements are based on assumptions and address future events and condition s, by their very nature they
involve inherent risks and uncertainties. Although these statements are based on information currently available to
Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties
and other factors involved with forward-looking information could cause actual events, results, performance, prospects
and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-
looking information in this news release includes, but is not limited to, statements regarding the anticipated Offering,
including the maximum size thereof, the expected timing to complete the Offering, the anticipated use of the net
proceeds from the Offering, and the r eceipt of all necessary approvals, including the approval of the TSX Venture
Exchange. Factors that could cause actual results to differ materially from such forward-looking information include,
but are not limited to, the potential impact of COVID-19, risks relating to equity market and stock price volatility, the
risk that proceeds from the Offering may be used for purposes other than as currently contemplated, risks that the
Company may not realize the benefits from the uses contemplated for proceeds rai sed in the Offering, and the other
risks involved in the mineral exploration and development industry, including those risks set out in Aurania’s public
documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or otherwise, other than as required
by law.