Aurania Shareholders Approve All Resolutions at Annual and Special Meeting
TSX-V: ARU
NR 2022-13
AURANIA SHAREHOLDERS APPROVE ALL RESOLUTIONS AT ANNUAL AND SPECIAL
MEETING
Toronto, Ontario, June 14, 2023 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company”) is pleased to announce that its shareholders have
approved all resolutions at the Company’s Annual and Special Meeting (the “Meeting”) which was held on
June 14, 2023.
At the Meeting, shareholders approved the financial statements for the year-ended December 31, 2022, and
the report of the auditors thereon, the appointment of auditors, election of directors , amendments to the
Company’s restricted stock unit plan and the Company’s incentive stock option plan for the upcoming year.
Details of these matters are disclosed in the Management Information Circular for the Meeting dated May
2, 2023, and posted under the Company’s profile on www.sedar.com and on the Company’s corporate
website http://www.aurania.com/investors/annual-general-meeting/ . The formal part of the Meeting was
followed by an update from Aurania’s President & CEO, Dr. Keith Barron. A summary of Keith Barron’s
update will be provided in the coming days.
The Company also announces that its Chairman, President and Chief Executive Officer, Dr. Keith Barron
(the “Lender”) completed a loan of C$2,000,000 to the Company. The loan is unsecured, bears interest at
2% per annum and matures upon notice of twelve months and one day from the Lender. The loan will help
fund the Company’s working capital and general corporate purposes as well as any exploration expenses in
Ecuador.
Dr. Keith Barron is a related party of the Company by virtue of the fact that he is the Chairman, the President
and Chief Executive Officer, a promoter and a principal shareholder of the Company, and as a result, each
of the Loan constitutes a “related party transaction” for the purposes of Multilateral Instrument 61 -101 –
Protection of Minority Security Holders in Special Transactions (“MI 61- 101”). The Company is relying
upon an exemption from the formal valuation and minority shareholder approval requirements under MI
61-101 in respect of the Related Party Transactions, in reliance on Sections 5.5(a) and 5.7(1) of MI 61-101,
respectively, as the fair market value of the Related Party Transaction, collectively, does not exceed 25%
of the Company’s market capitalization, as determined in accordance with MI 61- 101. The Company did
not file a material change report related to the Loan more than 21 days before the expected closing of the
Loan as required by MI 61-101, as the Company required the funds from closing on an expedited basis for
sound business reasons.
The Loan and the Insider Participation were approved by the members of the board of directors of the
Company who are independent for purposes of the Related Party Transactions, being all directors other
than Dr. Barron. No special committee was established in connection with the Loan and the Insider
Participation, and no materially contrary view or abstention was expressed or made by any director of the
Company in relation thereto.
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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 techni cal 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 Corporate Development &
Investor Relations
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 information as such term is defined in applicable securities
laws, which relate to future events or future performance and reflect management ’s current expectations
and assumptions. The forward- looking information includes 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, timing of the
commencement of operations, the Company’ s teams being on track ahead of any drill program, the
commencement of any drill program and estimates of market conditions. Such forward-looking statements
reflect management’s current beliefs and are based on assumptions made by and information currently
available to Aurania, including the assumption that, there will be no material adverse change in metal prices,
all necessary consents, licenses, permits and approvals will be obtained, including various local government
licenses and the market. Investors are cautioned that these forward-looking statements are neither promises
nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially
from those expected. Risk fac tors that could cause actual results to differ materially from the results
expressed or implied by the forward- looking information include, among other things, the ability to
anticipate and counteract the effects of COVID -19 pandemic on the business of the Company, including
without limitation the effects of COVID -19 on the capital markets, commodity prices supply chain
disruptions, restrictions on labour and workplace attendance and local and international travel; a failure to
obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability
to access financing as needed; a general economic downturn, a volatile stock price, labour strikes, political
unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental
regulations; a weakening of market and industry reliance on precious metals and copper ; and. those risks
set out in the Company’s public documents filed on SEDAR. Aurania cautions the reader that the above list
of risk factors is not exhaustive. Although the Company 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. The Company disclaims any
intention or obligation to update or revise any forward- looking information, whether as a res ult of new
information, future events or otherwise, other than as required by law.