Auryn Resources Announces US$8.5 Million Financing
AURYN RESOURCES INC (AUG)
NASDAQ:AMEX Investor Relations:
aurynresources.com/investors/stock-info
Company Research
Source: GlobeNewswire
VANCOUVER, British Columbia, March 13, 2018 (GLOBE NEWSWIRE) -- Auryn Resources Inc. (TSX:AUG) (NYSE American:AUG) (“Auryn” or the “Company”) announces that it has entered into an agreement dated March 13, 2018 with Cantor Fitzgerald Canada Corporation (“CFCC”), as bookrunner and lead underwriter, on behalf of itself and a syndicate of underwriters (collectively, the “Underwriters”) to purchase, on a bought deal basis, 5,230,770 common shares of the Company (the “Offered Shares”) at the price of US$1.30 per Offered Share (the “Issue Price”) for aggregate gross proceeds of approximately US$6.8 million (the “Offering”). In addition, the Company plans to complete a concurrent private placement of flow-through common shares for proceeds of up to US$1.7 million, as described below. In addition, the Company has agreed to grant to the Underwriters an over-allotment option (the “Over-Allotment Option”) exercisable, in whole or in part, in the sole discretion of the Underwriters to pur
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