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Aureus Mining intends to price $15 million private placement of stock
Proceeds fund exploration; GMP Securities will be the lead underwriter
By Devika Patel
Knoxville, Tenn., Oct. 2 - Aureus Mining Inc. said it will raise about $15 million in a private placement of stock. The deal has a 15% greenshoe.
The offering will be underwritten by a syndicate of underwriters led by GMP Securities LP and including Clarus Securities Inc., RBC Capital Markets, and Numis Securities Ltd.
Settlement is expected Oct. 10.
Proceeds will be used to advance exploration activities within the company's Bea Mountain Mining License, including follow up drilling campaigns at the Weaju and Ndablama gold targets, and for general corporate purposes.
The gold explorer is based in Toronto.
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