Toronto, Ontario (March 15, 2017) – Aurania Resources Ltd. (TSXV: ARU) (“Aurania” or the “Corporation”) is pleased to announce, further to its news release dated March 2, 2017 of its proposed acquisition (the “Transaction”) of EcuaSolidus SA (“ESA”), that it will offer, on a brokered and non-brokered basis, 3,000,000 subscription receipts of the Corporation (the “Subscription Receipts”) by way of a private placement subject to all required regulatory approvals at a price of C$2.00 per Subscription Receipt (the “Issue Price”) for total gross proceeds of C$6,000,000 (collectively, the “Offering”).
Aurania is pleased to announce the appointment of Richard Spencer PhD, as a director of the Corporation, bringing the number of directors to five. Dr. Spencer is a geologist with experience and knowledge that is particularly relevant to Aurania given the Corporation’s announcement last week of the proposed acquisition of the Lost Cities – Cutucu Project, located in south eastern Ecuador (the “Lost Cities – Cutucu Project”).
TORONTO, ONTARIO–(March 2, 2017) – Aurania Resources Ltd. (TSX VENTURE:ARU) (“Aurania” or the “Corporation”) is pleased to announce that it has entered into a definitive purchase and sale agreement (the “Agreement”) to acquire EcuaSolidus S.A. (“ESA”), a company incorporated under the laws of the Republic of Ecuador, from Dr. Keith Barron (the “Vendor”), the President and CEO of Aurania (the “Transaction”).
Aurania Resources Ltd.
36 Toronto St, Suite 1050
Phone: (416) 367-3200
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