Receives Approval ON Warrant Term Extension
TSX
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V: ARU
NR 201
9
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29
AURANIA
RECEIVES APPROVAL ON WARRANT TERM EXTENSION
Toronto, Ontario,
October
1
7
, 2019
–
Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company”)
announces that
the TSX Venture Exchange has
consented to the extension of the expiry date of
1,008,246
non
-
broker warrants
(the “Warrants”)
issued
in
r
elation to the Company’s 2017 private placement financing (see press release dated October
4
, 2019).
Details
of Warrant Extension
Number of Warrants:
1,008,246
Original Expiry Date:
October 19, 2018 subsequently
amended to October 19,
2019,
subject
to accelerated expiry provision
New Expiry Date:
December 29, 2019, subject to
accelerated expiry provision
Exercise Price of Warrants
$3.00
These Warrants
are the remaining warrants that
were issued pursuant to a private placement of an aggregate
of 3,200,890 shares and 1,600,445 Warrants, which was accepted for filing by TSX Venture Exchange
effective June 7, 2017.
About Aurania
Aurania is a junior mineral exploration 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 loca
ted 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 Serv
ices
Aurania Resources Ltd.
(416) 367
-
3200
Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367
-
3200
richard.spencer@aura
nia.com
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 Aurani
a’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”, “estimate
s”, “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, performan
ce, 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, stateme
nts, 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 oper
ations 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 resou
rces 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 othe
r 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.