Toronto, Ontario–(Newsfile Corp. – April 8, 2013) – Aurania Resources Ltd. (“Aurania” or the “Corporation”) is pleased to announce it has filed an amended and restated final long form prospectus (the “Prospectus”) with the securities regulatory authorities in Ontario, British Columbia and Alberta in connection with a proposed initial public offering (the “Offering”) of 5,000,000 common shares (each, a “Common Share”) at price of $0.40 per Common Share for gross proceeds of $2,000,000 through Maison Placements Canada Inc. The Offering is expected to close on or about the week of April 8, 2013.
The Corporation intends to use the net proceeds from the Offering and other funds available to proceed with its proposed program of exploration at the Mont Chemin, Marécottes and Siviez projects in Switzerland as more particularly described in the Prospectus.
The Prospectus, which contains important information relating to the Corporation and the Common Shares, may be obtained on SEDAR and is available for review at www.sedar.com.
Aurania is a mineral exploration company engaged in the business of acquiring and exploring mineral resource properties. It is currently exploring for gold, copper, silver and uranium on its three mineral properties, namely the Mont Chemin, Marécottes and Siviez projects, which cover approximately 99 km2 in south-western Switzerland. The Corporation’s 100% interests in its projects are held by the Corporation’s Swiss subsidiary, AuroVallis Sàrl, through exploration permits granted by the Canton of Valais, in Switzerland. For further details on Aurania, its management team and its projects, please refer the Prospectus available for review at www.sedar.com.
For further information, please contact:
President and CEO
Aurania Resources Ltd.
Chief Financial Officer
Aurania Resources Ltd.
This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania, including, without limitation, those listed under “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in the Prospectus (collectively, “forward-looking information”). Forward-looking information in this news release includes, but is not limited to, information concerning the proposed initial public offering, Aurania’s objectives, goals or future plans, and the proposed use of proceeds of the Offering. Aurania cautions investors of Aurania’s securities about important factors that could cause Aurania’s actual results to differ materially from those projected in any forward-looking statements included in this news release. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that the expectations set out in the Prospectus or herein will prove to be correct and accordingly, prospective investors should not place undue reliance on these forward-looking statements. These statements speak only as of the date of this press release and Aurania does not assume any obligation to update or revise them to reflect new events or circumstances.