Update "07:32 AM EDT, 07/30/2018 (MT Newswires) -- Auryn Resources Inc. (AUG.TO, AUG) arranged Monday a $4.6 million non-brokered flow-through private placement that will consist of approximately 1.25 million flow-through common shares priced at C$1.60 per FT Share and approximately 1.5 million charity flow-through shares priced at C$1.75 per Charity FT Share.
Ivan Bebek, Executive Chairman, in a statement said, "This offering, raised at a premium to our current share price, will fund the remainder of our Canadian exploration programs this summer and preserve our hard dollar treasury for corporate costs and the ongoing exploration at our Sombrero project in Peru."
AUG intends to use the net proceeds from the Offering to fund its summer exploration programs at the Committee Bay and Gibson MacQuoid gold projects in Nunavut and the Homestake Ridge gold project in British Columbia.
Price: 1.42, Change: +0.02, Percent Change: +1.43"