logo-loader

Auryn Resources brings in $14.9mln from offering

Last updated: 10:57 04 May 2016 EDT, First published: 05:57 04 May 2016 EDT

Pictured is a pile of gold bullion bars...
Auryn is focused on exploring high-grade gold deposits in established mining jurisdictions

Junior gold explorer Auryn Resources Inc (CVE: AUG, OTCQX: GGTCF) completed its previously announced bought deal offering to raise over $14.9mln for working capital.

It offered over 4.2mln non-flow through shares at C$1.40 per share and 4.73mln flow-through shares  at an issue price of C$1.89 each.

The fundraise was carried out by a syndicate of underwriters led by Beacon Securities Limited and including PI Financial Corp, Canaccord Genuity Corp. and Echelon Wealth Partners Inc.

The proceeds from the sale of the common shares will be used m for general corporate and working capital purposes, it said.

Auryn is focused on exploring high-grade gold deposits in established mining jurisdictions.

It holds a 100% interest in the Committee Bay gold project located in Nunavut, Canada

Poseidon Nickel signs binding agreement with Mineral Resources to divest...

Departing Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF) CEO Craig Jones and incoming CEO Brendan Shalders join Proactive’s Jonathan Jackson to discuss the divestment of Lake Johnston to Mineral Resources Ltd (ASX:MIN). Jones, who has played a pivotal role in this strategic move, shared insights on...

2 hours, 17 minutes ago