Aurania raises C$771,777 in private placement financing

Aurania Resources Ltd. (TSXV: ARU) completed a non-brokered private placement financing, raising gross proceeds of C$771,776.92 through the issuance of 6,431,466 units at C$0.12 per unit, according to a company statement.

Each unit consists of one common share and one warrant. The warrants allow holders to purchase additional common shares at C$0.25 per share within 24 months of issuance.

The company paid finder's fees totaling C$2,805.60 in cash and issued 23,380 compensation warrants to eligible finders. These compensation warrants permit the purchase of units at C$0.12 each for 24 months.

Aurania plans to use the net proceeds primarily for a preliminary economic assessment by SRK on the Balangero tailings retreatment project in Italy, exploration programs at mineral properties, and general working capital purposes.

Company CEO and director Dr. Keith Barron acquired 4,166,666 units in the offering. Following this acquisition, Barron owns approximately 45.05% of outstanding common shares on a non-diluted basis and 54.29% on a partially diluted basis.

Prior to the transaction, Barron controlled 55,414,301 shares, 2,442,992 options, and 20,140,801 warrants, representing 44.04% of issued shares on a non-diluted basis. The acquisition represents greater than a 2% change in ownership percentage on a partially diluted basis since his previous early warning report filed in April 2025.

The transaction constitutes a related party transaction under TSX Venture Exchange policies. The company is relying on exemptions from minority shareholder approval and formal valuation requirements as the transaction value does not exceed 25% of market capitalization.

All securities are subject to a four-month hold period and the closing remains subject to TSX Venture Exchange approval.

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