By Laura Lutz
Des Moines, June 21 - Aurea Mining Inc. plans to complete a private placement of units for up to C$2.5 million.
The company intends to sell 8,333,333 units of one share and one half-share warrant at C$0.30 per unit. Each whole warrant will be exercisable at C$0.40 for two years.
The deal will be non-brokered.
Proceeds will be used for exploration of the company's properties and for working capital.
Aurea is a gold and silver exploration company based in Vancouver, B.C.
Issuer: | Aurea Mining Inc.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$2.5 million
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Units: | 8,333,333
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Price: | C$0.30
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.40
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Agent: | Non-brokered
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Pricing date: | June 21
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Stock symbol: | TSX Venture: MXA
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Stock price: | C$0.31 at close June 20
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