Aurania plans private placement to raise up to C$1.5 million

Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) announced plans for a non-brokered private placement financing to raise up to C$1.5 million through the sale of 8.33 million units priced at C$0.18 each.

Each unit consists of one common share and one warrant. The warrants allow holders to purchase additional common shares at C$0.35 per share within 24 months of the offering's closing. The company reserved the right to increase the offering size by 25%, potentially raising an additional C$375,000.

Aurania intends to use proceeds for exploration at its Thor's Valley epithermal gold project in Iceland and its Balangero nickel-cobalt tailings retreatment project in Italy, along with general working capital purposes.

The company may pay finders' fees up to 7% in cash and 7% in finder warrants to eligible parties who introduce subscribers to the offering, subject to TSX Venture Exchange approval.

Closing is anticipated for June 1, 2026, pending regulatory approvals including TSXV approval for listing the common shares and warrant shares. Securities from the offering will be subject to a four-month plus one-day hold period under Canadian securities laws.

Certain directors and officers are expected to participate in the offering. This participation constitutes a related party transaction under TSXV policies and Multilateral Instrument 61-101. The company anticipates relying on exemptions from minority shareholder approval and formal valuation requirements since the transaction value is not expected to exceed 25% of the company's market capitalization.

The securities have not been registered under U.S. Securities Act and may not be offered or sold in the United States except in compliance with registration requirements or pursuant to exemptions.

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