Aurania Announces Overnight Marketed Offering
TSX-V: ARU
NR 2021-11
AURANIA ANNOUNCES OVERNIGHT MARKETED OFFERING
Not for distribution to United States newswire services or for dissemination in the United States
Toronto, Ontario, March 17, 2021 – Aurania Resources Ltd. (TSXV: ARU) (Frankfurt: 20Q)
(“Aurania” or the “Company”) announces that it is undertaking an overnight marketed public offering
of units (the “Offered Units”) of the Company for gross proceeds of up to CDN$6.75 million (the
“Offering”). The Offering is expected to be completed pursuant to an underwriting agreement to be entered
into between the Company and Cantor Fitzgerald Canada Corporation, as lead underwriter and sole
bookrunner, and a syndicate of underwriters including Canaccord Genuity Corp. and Echelon Wealth
Partners Inc. (collectively, the “Underwriters”).
The number of Offered Units to be sold, the offering price (the “Offering Price”) and the terms of the
Offered Units will be determined in the course of marketing and there can be no assurance as to completion
of the Offering. In addition, the Company will grant the Underwriters an over-allotment option (the “Over-
Allotment Option”) exercisable, in whole or in part, in the sole discretion of the Underwriters, to purchase
up to an additional 15% of the number of Offered Units sold in the Offering for up to 30 days after the
closing, on the same terms and conditions as the Offering.
The Company will pay the Underwriters a cash commission equal to 6.0% of the gross proceeds of the
Offering, including proceeds received from the exercise of the Over-Allotment Option, in addition to broker
warrants to purchase up to 6.0% of the number of Offered Units, including the Offered Units from the
exercise of the Over-Allotment Option sold in the Offering (the “Broker Warrants”). Each Broker Warrant
shall entitle the Underwriters to purchase one Unit at the Issue Price at any time on or before the date on
which the Warrants issued under the Offering are set to expire.
The Offered Units will be offered by way of a short form prospectus in Canada in the provinces of Ontario,
British Columbia and Alberta and in the United States under a private placement . The Offered Units will
not be offered or sold in the United States or to U.S. persons except under Rule 144A or Regulation D or
in such other manner as to not require registration under the United States Securities Act of 1933, as
amended. The Offered Units may also be offered in those jurisdictions outside of Canada and t he United
States as agreed to by the Company and the Underwriters provided that no prospectus filing or comparable
obligation arises and the Company does not thereafter become subject to continuous disclosure obligations
in such jurisdictions.
The Offering will be subject to certain conditions including, but not limited to, the receipt of all necessary
approvals including the approval of the TSX Venture Exchange for the listing of the Common Shares and
Warrants comprising the Units.
Anticipated uses of the proceeds of the Offering will be used for exploration expenditures at the Company’s
Lost Cities – Cutucu Project in Ecuador and for working capital and general corporate purposes.
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The preliminary short form prospectus is available on SEDAR at www.sedar.com. Alternatively, a written
prospectus relating to the Offering may be obtained upon request by contacting the Company or Cantor
Fitzgerald Canada Corporation in Canada, attention: Equity Capital Markets, 181 University Avenue, Suite
1500, Toronto, ON, M5H 3M7, email: [email protected] .
The Offered Units and securities underlying them, 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 “U. S. person” (as such terms are defined in Regulation S under the U.S.
Securities Act) except pursuant to exemptions from the registration requirement of the U.S. Securities Act
and all applicable state securities laws. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the Offered Units in a ny jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of that jurisdiction. The Offered Units have not been approved or disapproved by any regulatory
authority, nor has any such authority passed upon by the accuracy or adequacy of the prospectus pursuant
to which the Offering will be conducted.
About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and
exploration of mineral property interests, with a focus on precious metals and copper in South America. Its
flagship asset, 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
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.
Forward-Looking Statements
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”. Si nce forward -looking statements are based on assumptions and
address future events and conditions, 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 material ly from those expressed or implied by such forward- looking information.
Forward looking information in this news release includes, but is not limited to, the anticipated size of the
Offering, the anticipated Offering Price, the entering into of the underwriting agreement and the completion
of the Offering, the anticipated use of the net proceeds from the Offering, the receipt of all necessary
approvals, including the approval of the TS X Venture Exchange, Aurania’s objectives, goals or future
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plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury,
management team and enhanced capital markets profile, the estimation of mineral resources, ex ploration
and mine development plans, timing of the commencement of operations and estimates of market
conditions. Factors that could cause actual results to differ materially from such forward -looking
information include, but are not limited to, failure to identify mineral resources, failure to convert estimated
mineral resources to reserves, the inability to complete a feasibility study which recommends a production
decision, the preliminary nature of metallurgical test results, the potential impact of COVID-19, delays in
obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals,
political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the
availability and costs of financing needed in the future, changes in equity markets, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and
operating costs varying significantly from estimates and the other risks involved in the mineral exploration
and development industry, and 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.