Aurania Resources Ltd. Completes $4,000,000 First Tranche of a Non- Brokered Private Placement
TSX-V: ARU
NR 2018-25
AURANIA RESOURCES LTD. COMPLETES $4,000,000 FIRST TRANCHE OF A NON-
BROKERED PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, Ontario, June 29, 2018 – Aurania Resources Ltd. (TSXV: ARU) (“Aurania” or the
“Company”) is pleased to announce that further to its news releases dated June 1, 2018 it has completed
a first tranche of a non-brokered private placement financing of 2,000,000 units of the Company (the
“Units”) at a price of $2.00 per Unit, for total gross proceeds of $4,000,000 (the “ Offering”). Each Unit
consists of one common share of the Company (a “ Common Share ”) and one-half Common Share
purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share
at an exercise price of $3.00 for a period of 18 months following closing of the Offering.
In connection with the first tranche of the Offering, the Company paid compensation to certain eligible
finders (the “ Finders”) consisting of a cash commi ssion of $158,404.80 and 79,202 compensation
warrants. Each Finders’ compensation warrant is exercisable into a Common Share at $3.00 per Common
Share for 18 months following the closing of the first tranche of the Offering.
The Units and underlying securities are subject to a customary four month and a day hold period. The
Units and underlying securities have not been and will not be registered under the United States Securities
Act of 1933, as amended, (the “U.S. Securities Act”) or applicable state securities laws and may not be
offered or sold in the United States or to U.S. Pe rsons (as defined in the U.S. Securities Act) without
registration, or exemption from registration, under such laws.
Mr. Richard Spencer, the President and a Dir ector of the Company, has subscribed for 11,250 Units
pursuant to the Offering in accounts over which he has direction and control. Mr. Spencer’s participation
in the Offering constitutes a "related party tran saction" under the Multilateral Instrument 61-101 –
Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The Company is relying
on the exemption from valuation and minority share holder approval requirements pursuant to sections
5.5(a) and 5.7(a) of MI 61-101, as the fair market va lue of the participation in the Offering by insiders
does not exceed 25% of the market capitalization of the Company.
The gross proceeds raised from the sale of the Units will be used by the Company for mineral exploration,
which includes continuing the geochemical sampling su rvey and prospecting that has been successful in
discovering several epithermal targets, additional ge ophysical surveys over specific target areas, and
remote sensing, all with a focus on further defining specific drill targets, and for general working capital
purposes.
As announced in the press release dated June 1, 2018, Aurania established an over-allotment option
pursuant to the Offering. Aurania anticipates that a second tranche of the Offering will be completed for
gross proceeds of up to $500,000.
About Aurania
Aurania is a junior exploration mining company engage d in the identification, evaluation, acquisition and
exploration of mineral property interests, with a fo cus 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 – Corporate & Investor
Services
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 contains forward-looking info rmation that involves substantial known and unknown
risks and uncertainties, most of which are beyond the control of Aurania. Forw ard-looking statements
include estimates and statements that describe Aur ania’s future plans, objectives or goals, including
words to the effect that Aurania or its manageme nt expects a stated condition or result to occur.
Forward-looking statements may be identified by su ch terms as “believes”, “anticipates”, “expects”,
“estimates”, “may”, “could”, “would”, “will”, or “pl an”. 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 information currently available to Aurania,
Aurania provides no assurance that actual resu lts will meet management’s expectations. Risks,
uncertainties and other factors involved with forwar d-looking information could cause actual events,
results, performance, prospects and opportunities to diff er materially from those expressed or implied by
such forward-looking information. Forward looking info rmation in this news release includes, but is not
limited to, Aurania’s objectives, goals or future plans, statements, exploration results, potential
mineralization, the corporation’s portfolio, trea sury, management team and enhanced capital markets
profile, the estimation of mineral resources, explora tion and mine development plans, timing of the
commencement of operations and estimates of market c onditions. Factors that could cause actual results
to differ materially from such forward-looking in formation include, but are not limited to, failure to
identify mineral resources, failure to convert estimated mineral resources to r eserves, 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 ava ilability and costs of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuati ons in commodity prices, delays
in the development of projects, capital and operatin g costs varying significantly from estimates and the
other risks involved in the min eral 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 rev ise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by law.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be
any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including any of the securities in the United States of America. The securities have not been and
will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any
state securities laws and may not be offered or sold within the United States or to, or for account or
benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933
Act and applicable state securities laws, or an exemp tion from such registration requirements is
available.