By Sheri Kasprzak
New York, Sept. 7 - Aurora Energy Resources Inc. plans to raise C$30,000,435 in a private placement. The company has priced a separate C$10 million offering to close concurrently with this deal.
In the first offering, the company intends to sell 1,722,500 non flow-through shares at C$10.45 each and 956,200 flow-through shares at C$12.55 each.
The deal is being placed through an underwriting syndicate led by Sprott Securities Inc. and including GMP Securities LP, National Bank Financial Inc. and BMO Nesbitt Burns Inc.
In the offering set to close concurrently with this deal, the company plans to sell 956,938 non flow-through shares at C$10.45 each.
The two deals are slated to close Sept. 28.
Proceeds from the flow-through shares will be used for exploration on the company's Canadian properties. The rest will be used for exploration on the company's Michelin and Jacques Lake deposits, for additional exploration on the Central Mineral Belt of Labrador and for general corporate purposes.
Aurora, based in Vancouver, B.C., is a uranium exploration company.
First offering
| Issuer: | Aurora Energy Resources Inc.
|
| Issue: | Non flow-through and flow-through shares
|
| Amount: | C$30,000,435
|
| Underwriters: | Sprott Securities Inc. (lead), GMP Securities LP, National Bank Financial Inc., BMO Nesbitt Burns Inc.
|
| Pricing date: | Sept. 7
|
| Settlement date: | Sept. 28
|
| Stock symbol: | Toronto: AXU
|
| Stock price: | C$10.70 at close Sept. 6
|
|
|
| Non flow-through shares
|
| Shares: | 1,722,500
|
| Price: | C$10.45
|
| Warrants: | No
|
|
|
| Flow-through shares
|
| Shares: | 956,200
|
| Price: | C$12.55
|
| Warrants: | No
|
|
|
| Second offering
|
| Issuer: | Aurora Energy Resources Inc.
|
| Issue: | Non flow-through shares
|
| Amount: | C$10 million
|
| Shares: | 956,938
|
| Price: | C$10.45
|
| Warrants: | No
|
| Pricing date: | Sept. 7
|
| Settlement date: | Sept. 28
|
| Stock symbol: | Toronto: AXU
|
| Stock price: | C$10.70 at close Sept. 6
|
|
|
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