Here is #2, and my guess, #3 tomorrowWhat I heard, was the balance of this $15M was "ONE HECK" of a heavy hitter,
J 103 lets see what tomorrow brings....and by the time a major discovery is made, Corona will be behind us...and blue sky and our own beach in front of us....now go find your own beach!
Auryn Resources Inc (C-AUG) - News Release
Auryn closes $4.9-million private placement
2020-02-27 16:58 ET - News Release
Shares issued 95,231,775
AUG Close 2020-02-27 C$ 1.62
Mr. Ivan Bebek reports
AURYN CLOSES ADDITIONAL CAD$4.9M IN NON-BROKERED PRIVATE PLACEMENT
Auryn Resources Inc., due to increased interest, has closed a second allotment in its previously announced non-brokered private placement through the issuing of an additional 3,062,500 common shares priced at $1.60 per share for gross proceeds of $4.9-million. Auryn raised a total of $15-million through the issuance of 9,375,000 common shares in February, 2020, putting the company in a strong financial position. No commissions were paid on the second allotment.
A message from Ivan Bebek, executive chairman and director:
"Two thousand twenty is going to be an exciting year for Auryn shareholders as the company is anticipating drill permits for two major discovery opportunities in Peru. The company appreciates the continued support that it receives from shareholders and insiders in these financings, and is pleased to welcome additional accretive investors."
Proceeds from the placement will be used to finance continued surface exploration at its Sombrero and Curibaya projects located in southern Peru, and for general working capital.
The shares issued under the offering are subject to a four-month hold period under Canadian securities laws. The shares have not been registered under the United States Securities Act of 1933, as amended, and have not been offered or sold in the U.S. other than pursuant to available exemptions from the registration requirements of the U.S. Securities Act. Any shares sold to investors in the U.S. are restricted securities and subject to restrictions on resale under the U.S. Securities Act.
About Auryn Resources Inc.
Auryn Resources is a technology-driven junior exploration company focused on finding and advancing globally significant precious and base metal deposits. The company has a portfolio approach to asset acquisition and has seven projects, including two flagships: the Committee Bay high-grade gold project in Nunavut and the Sombrero copper-gold project in southern Peru.
We seek Safe Harbor.