Auriginal Mining Corp. Closes Private Placement for Over $4.8 million
Auriginal Mining Corp. Closes Private
Placement for Over $4.8 million
Toronto, Ontario--(Newsfile Corp. - December 17, 2025) -
Auriginal Mining Corp. (TSXV: AUME)
("
Auriginal
" or the "
Company
") is pleased to announce that, further to its press release dated
November 18, 2025, the Company has closed its non-brokered private placement (the "
Offering
") for
aggregate gross proceeds of approximately C$4,798,542.
Four insiders of the Company participated in the Offering (directly or indirectly) for aggregate gross
proceeds of $165,500. Participation by insiders of the Company in the Offering constitutes a related
party transaction as defined in Multilateral Instrument 61-101 -
Protection of Minority Security Holders in
Special Transactions
("
MI 61-101
"). The Company has relied on exemptions from the formal valuation
and minority shareholder requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the
basis that neither the fair market value of the securities issued under the Offering to the insider, nor the
fair market value of the consideration paid by the insider, exceeded 25% of the Company's market
capitalization.
Under the Offering, the Company issued and sold 2,221,428 regular units ("
Regular Hard Dollar
Units
") at a price of C$0.07 per Regular Hard Dollar Unit, 36,164,752 flow-through Shares ("
FT
Shares
") at a price of C$0.09 per FT Share, and 12,071,429 charity flow-through units ("
Charity FT
Units
") at a price of $0.115 per Charity FT Unit.
Each Charity FT Unit consists of one common share of
the Company ("
Common Share
") and one-half of one Common Share purchase warrant ("
Warrant
"),
each of which will qualify as a "flow-through share" pursuant to the
Income Tax Act
(Canada) and the
Taxation Act
(Quebec). Each Warrant is exercisable by the holder to acquire one Common Share at a
price of C$0.12 for a period of 24 months following the closing date of the Offering. Each Regular Hard
Dollar Unit consists of one Common Share and one-half of one Common Share purchase warrant
("
Regular Warrant
"). Each Regular Warrant is exercisable by the holder to acquire one Common Share
at a price of C$0.12 for a period of 24 months following the closing date of the Offering.
The securities issued pursuant to the Offering will be subject to a four-month hold period under
applicable securities laws.
The Company will use the gross proceeds from the issue and sale of the FT Shares and Charity FT Units
to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining
expenditures" as both terms are defined in the
Income Tax Act
(Canada) (the "
Qualifying
Expenditures
") on the Company's flagship Roger Project, located in the Chibougamau district in
Quebec.. The Qualifying Expenditures are to be incurred on or before December 31, 2026, and the
Company will renounce all the Qualifying Expenditures in favour of the subscribers of the FT Shares and
Charity FT Units effective December 31, 2025.
In connection with the Offering, the Company paid certain persons ("
Finders
") finders' fees consisting of
cash payments of up to $219,257, representing up to 7% of the aggregate proceeds raised by the
Finders, and up to 2,311,353 non-transferable warrants ("
Finder's Warrants
"), representing up to 7% of
the number of FT Units and Charity FT Units sold to subscribers introduced to the Company by the
Finders.
A total of 1,712,928 of the Finder's Warrant are exercisable by the holder to acquire one Common Share
at a price of $0.09 for a period of 24 months following the closing date of the Offering. A total of 598,425
of the Finder's Warrant are exercisable by the holder to acquire one Common Share at a price of $0.12
for a period of 24 months following the closing date of the Offering.
The Finder's Warrants are subject to a four-month hold period under applicable securities laws. Final
satisfaction of the finder's fees is subject to TSX Venture acceptance.
The securities being offered have not been, nor will they be, registered under the
United States
Securities Act of 1933
, as amended, and may not be offered or sold in the United States or to, or for the
account or benefit of, U.S. persons absent registration or an applicable exemption from the registration
requirements. 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 securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
For further information, please contact:
Peter Cashin, P.Geo
Chief Executive Officer
Tel:
416-644-1567 Ext. #9
www.auriginal.ca
About Auriginal Mining Corp.
Auriginal is a Quebec-focused copper and gold company with one of the province's largest and most
diversified exploration portfolios. Its 100%-owned flagship Roger Project, located in the Chibougamau
district, hosts a known gold-copper deposit with strong potential to host volcanic-hosted polymetallic
massive sulphide deposits. With a diversified pipeline of greenfield projects across Quebec's best-
known mining regions and backed by the Ore Group's proven exploration and capital markets team
Auriginal has a clear focus on discovery and growth for copper, zinc and gold. The company is well-
positioned to immediately execute an aggressive exploration and acquisition strategy and attract
broader market attention. Further details on Auriginal is available on the company website at
www.auriginal.ca
.
Cautionary Statement
Certain information set forth in this news release contains forward-looking statements or information
("forward-looking statements)", including details about the business of Auriginal Mining. All
statements in this news release, other than statements of historical facts, that address events or
developments that Auriginal Mining expects to occur, are forward-looking statements. By their nature,
forward-looking statements are subject to numerous risks and uncertainties, some of which are
beyond the Auriginal Mining's control, including the impact of general economic conditions, industry
conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks,
competition from other industry participants, stock market volatility. Although the Company believes
that the expectations in its forward-looking statements are reasonable, its forward-looking statements
have been based on factors and assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently available information. Such
statements are subject to known and unknown risks, uncertainties and other factors that could
influence actual results or events and cause actual results or events to differ materially from those
stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned
not to place undue reliance on the forward-looking statements, as no assurance can be provided as to
future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other
factors that could affect actual results are discussed in Auriginal Mining's public disclosure
documents available at
www.sedarplus.ca
. Furthermore, the forward-looking statements contained in
this document are made as of the date of this document and, except as required by applicable law,
Auriginal Mining does not undertake any obligation to publicly update or to revise any of the included
forward-looking statements, whether as a result of new information, future events or otherwise. The
forward-looking statements contained in this document are expressly qualified by this cautionary
statement.
Neither 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/278332