By Sheri Kasprzak
Atlanta, March 24 - Aurea Mining Inc. said it has completed a non-brokered private placement for C$1,294,207.
The company sold 4,977,718 units at C$0.26 each.
The units include one share and one half-share warrant. The full warrants allow for an additional share at C$0.40 each, exercisable for the earlier of 18 months or one year from the date on which the shares are listed for trading on the Toronto Stock Exchange's Venture Exchange.
Based in Vancouver, B.C., Aurea is a mineral exploration company focused on properties in Mexico.
| Issuer: | Aurea Mining Inc.
|
| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1,294,207
|
| Units: | 4,977,718
|
| Price: | C$0.26
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months or one year from when the shares are listed on the TSX Venture Exchange
|
| Warrant strike price: | C$0.40
|
| Settlement date: | March 23
|
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