Aurania Resources Announces Filing of Final Short Form Prospectus IN Connection with Overnight Marketed Offering
TSX-V: ARU
NR 2021-13
AURANIA RESOURCES ANNOUNCES FILING OF FINAL SHORT FORM PROSPECTUS IN
CONNECTION WITH OVERNIGHT MARKETED OFFERING
Not for distribution to United States newswire services or for dissemination in the United States
Toronto, Ontario, March 29, 2021 – Aurania Resources Ltd. (TSXV: ARU) (Frankfurt: 20Q)
(“Aurania” or the “Company”) announces that it has filed a final short form prospectus in each of the
provinces of Canada and obtained a receipt from the Ontario Securities Commission (the “Receipt”) t o
qualify the distribution of 2,180,000 units of Aurania (the “Units”), and the common shares and warrants
underlying such Units. The Units are being issued pursuant to the previously announced overnight
marketed public offering of Units at a price of C$3.10 per Unit, representing aggregate gross proceeds of
C$6,758,000 (the “Offering”) announced on March 18, 2021. The final short form prospectus has also been
filed to qualify the additional 327,000 Units at a price of C$3.10 per Unit, which are subject to the over -
allotment option exercisable, in whole or in part, by the underwriters of the Offering.
The Company expects to complete a concurrent private placement financing (the “Private Placement”) of
Units for gross proceeds of up to C$1,500,000 on the same terms and conditions as the Offering.
As a result of obtaining the Receipt, the Offering is expected to close on or about March 31, 2021, subject
to satisfying certain closing conditions, including final approval of the TSX Venture Exchange.
Copies of the 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].
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 Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of that jurisdiction. The 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 or the registration statement.
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-.
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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 st atements
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 ris ks 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, 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 TSX Venture Exchange, Aurania’s objectives, goals or future
plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury,
management team and enhanced capital markets profile, the estimation of mineral resources, exploration
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.