Auryn Resources Arranges $4.6 million Flow-Through Funding
AURYN RESOURCES INC (AUG)
NASDAQ:AMEX Investor Relations:
aurynresources.com/investors/stock-info
Company Research
Source: GlobeNewswire
VANCOUVER, British Columbia, July 30, 2018 (GLOBE NEWSWIRE) -- Auryn Resources Inc. (TSX: AUG, NYSE AMERICAN: AUG, “Auryn” or the “Company”), is pleased to announce that it has arranged a $4.6 million non-brokered flow-through private placement. The placement will consist of approximately 1.25 million flow-through common shares (the “FT Shares”) priced at CAD$1.60 per FT Share and approximately 1.5 million charity flow-through shares (the “Charity FT Shares”) priced at CAD$ 1.75 per Charity FT Share (the “Offering”). Ivan Bebek, Executive Chairman, commented, “This offering, raised at a premium to our current share price, will fund the remainder of our Canadian exploration programs this summer and preserve our hard dollar treasury for corporate costs and the ongoing exploration at our Sombrero project in Peru.” The Company intends to use the net proceeds from the Offering to fund its summer exploration programs at the Committee Bay and Gibson MacQuoid gold projects in Nunavut and
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