By Devika Patel
Knoxville, Tenn., May 19 - Aura Silver Resources Inc. said it plans a C$1 million private placement of units. Union Securities Ltd. will be the agent for the deal, which is identical to one that priced in March.
The company will sell 5 million units at C$0.20 apiece on a commercially reasonable basis. Each unit consists of one flow-through common share and one warrant. Each two-year warrant will be exercisable at C$0.25.
Proceeds will be used for drilling and exploration.
Aura is a precious metals exploration and development company based in Brampton, Ont.
| Issuer: | Aura Silver Resources Inc.
|
| Issue: | Units of one flow-through common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 5 million
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Agent: | Union Securities Ltd.
|
| Pricing date: | May 19
|
| Stock symbol: | TSX Venture: AUU
|
| Stock price: | C$0.20 at close May 19
|
| Market capitalization: | C$7.86 million
|
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