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Aurania Resources Ltd V.ARU

Alternate Symbol(s):  AUIAF | V.ARU.WT.B | AUIWF

Aurania Resources Ltd. 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. It holds 100% of the Lost Cities - Cutucu project that covers approximately 208,000 hectares (ha) in southeastern Ecuador. It has also applied for mineral concessions in adjacent northern Peru, and for an exploration license in the Brittany Peninsula of northwestern France. Epithermal targets for Gold-Silver include Kuri-Yawi, Tatasham and Kuripan. Intrusive-related copper targets include Tatasham and Awacha. It has discovered a 15-kilometer-long trend in which silver-zinc-lead-barium occurs in the Shimpia target area, which is enclosed by the various Tiria epithermal gold-silver targets.


TSXV:ARU - Post by User

Post by GoldenIdleon Nov 14, 2024 9:28am
28 Views
Post# 36312454

News

News

Great they got $4 M . Now get those drills turning at Corsica , see how deep this beach goes . Hopefully the visible beach is the tip of the iceberg.


Toronto, Ontario--(Newsfile Corp. - November 13, 2024) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") is pleased to announce its intention to complete a non-brokered private placement financing of up to 7,272,728 units of the Company (the "Units") at a price of C$0.55 per Unit (the "Issue Price") for total gross proceeds to the Company of up to C$4,000,000 (the "Offering"). The Company has reserved the right to increase the size of the Offering by up to 25% of the size of the Offering, such that up to an additional 1,818,182 Units may be issued to raise additional gross proceeds of up to C$1,000,000.

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