By Sheri Kasprzak
New York, April 7 - Aurelian Resources Inc. said it plans to raise up to C$10 million in a private placement of stock.
The offering includes up to 3,636,364 shares at C$2.75 each. The share price is an 8.3% discount to the company's closing stock price of C$3.00 on April 6.
Underwriters Dundee Capital Corp. and Canaccord Capital Inc. have a greenshoe for up to C$10 million.
Proceeds will be used for the advancement of the company's mineral projects and for general corporate purposes.
Located in Toronto, Aurelian is a mineral exploration and development company focused on properties in Ecuador.
| Issuer: | Aurelian Resources Inc.
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| Issue: | Stock
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| Amount: | C$10 million
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| Greenshoe: | For C$10 million
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| Shares: | 3,636,364
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| Price: | C$2.75
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| Warrants: | No
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| Underwriters: | Dundee Capital Corp. and Canaccord Capital Inc.
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| Pricing date: | April 7
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| Stock symbol: | TSX Venture: ARU
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| Stock price: | C$3.00 at close April 6
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