Non-brokered offering sells 5 million common shares at C$0.65 apiece
By Devika Patel
Knoxville, Tenn., Dec. 1 – Auryn Resources Inc. said it increased a non-brokered private placement of stock to C$7.15 million from C$3.25 million. The deal priced on Oct. 16.
The company will now sell 11 million common shares at C$0.65 per share, which is a 13.33% discount to the Oct. 15 closing share price of C$0.75.
Settlement is expected Dec. 15.
Proceeds will be used for property acquisitions and general corporate purposes.
The resource explorer is based in Vancouver, B.C.
| Issuer: | Auryn Resources Inc.
|
| Issue: | Common stock
|
| Amount: | C$7.15 million
|
| Units: | 11 million
|
| Price: | C$0.65
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 16
|
| Upsized: | Nov. 27
|
| Settlement date: | Dec. 15
|
| Stock symbol: | TSX Venture: ATE
|
| Stock price: | C$0.75 at close Oct. 15
|
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