Aurania Raises $2.1 Million Through the Exercise of Warrants and Options
TSX-V: ARU
NR 2018-05
AURANIA RAISES $2.1 MILLION THROUGH THE EXERCISE OF WARRANTS AND
OPTIONS
Toronto, Ontario, February 1 , 2018 – Aurania Resources Ltd. (TSXV: AR U) (“Aurania” or the
“Company”) wishes to inform shareholders that thirty- two percent of the warrants issued in the May
2017 private placement have been exercised to date , resulting in approximately C$1.6 million net
proceeds to the Company. If all warrants are exercised prior to their expiry , currently set in October
2018, total proceeds of approximately C$4.9 million would be raised.
Under the warrant provisions, once the Company’s volume-weighted average price of the common shares
exceeds C$3.00 for twenty consecutive trading days on the TSXV, the Company has the option of
accelerating the expiry date of the warrants. This provision was met at the close of trading yesterday.
However, the Company’s board of directors ( the “Board”) has decided not to trigger the acceleration of
warrant c onversion at this time. Should the Board decide to accelerate the warrant conversion in the
future, the expiry time of the warrants would be 30 days following the date upon which notice of the
accelerated expiry date of the warrants is provided to the hol ders of the warrants (“Acceleration
Provision”). The Acceleration Provision is more particularly set out in the original form of warrant
certificate.
In addition, a total of 990,000 options have recently been exercised for proceeds of C $444,000. As a
result of the recent warrant and option exercises, the Company currently has 28, 724,703 common shares
outstanding.
About Aurania
Aurania is a junior exploration mining company engaged in the identification, evaluation, acquisition and
exploration of mineral property interests, with a focus on precious metals and copper. 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
Manager – Investor Services
Aurania Resources Ltd.
(416) 367-3200
Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
Donna McLean
Chief Financial Officer
Aurania Resources Ltd.
(416) 417-8349
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Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.