Aurania Announces Overnight Marketed Offering and Concurrent Private Placement
TSX-V: ARU
NR 2021-39
AURANIA ANNOUNCES OVERNIGHT MARKETED OFFERING AND CONCURRENT
PRIVATE PLACEMENT
Not for distribution to United States newswire services or for dissemination in the United States
Toronto, Ontario, October 4, 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$10.0 million (the
“Offering”) and a concurrent private placement of units for gross proceeds of up to CDN$2 million. 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 Ge nuity Corp. and Echelon Wealth Partners Inc.
(collectively, the “Underwriters”).
Overnight Marketed Public Offering
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 Offering Price at any time on or before the date
on which the Warrants issued under the Offering are set to expire.
Concurrent Private Placement
The Company will be conducting a concurrent private placement financing (the “ Private Placement”) of
units on the same terms and conditions as the Offering. The Private Placement will supersede the non -
brokered private placement of units previously announced on September 13, 2021.
Details of the Overnight Marketed Offering
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 Secur ities Act of 1933, as
amended. The Offered Units may also be offered in those jurisdictions outside of Canada and the United
States as agreed to by the Company and the Underwriters provided that no prospectus filing or comparable
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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.
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] .
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”. Since 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 i nformation 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 Aurania’s objectives, goals
or future plans, statemen ts, exploration results, potential mineralization, the corporation’s portfolio,
treasury, management team and enhanced capital markets profile, the estimation of mineral resources,
exploration, timing of the commencement of operations, estimates of market conditions and timing and
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completion of the Offering and Private Placement. Factors that could cause actual results to differ materially
from such forward-looking information include, but are not limited to, inability to complete the Offering
and/or Privat e Placement, 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, 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, the effects
of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the
price of commodities, capital market conditions, restrictions on labour and international travel and supply
chains, 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 upd ate or revise any forward-looking information,
whether as a result of new information, future events or otherwise, other than as required by law.