By Sheri Kasprzak
New York, Dec. 8 - Aurogin Resources Ltd. said it intends to raise C$1 million from a private placement of units.
The company plans to issue 10 million units of one share and one warrant.
The warrants are exercisable at C$0.20 each for two years.
Proceeds will be used for working capital.
Quest Securities Corp. is the placement agent.
Based in Toronto, Aurogin is a gold exploration company with projects in Guatemala.
| Issuer: | Aurogin Resources Ltd.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1 million (maximum)
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| Units: | 10 million (maximum)
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| Price: | C$0.10
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.20
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| Placement agent: | Quest Securities Corp.
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| Pricing date: | Dec. 8
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| Stock price: | C$0.12 at close Dec. 7
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