Aurania Resources (TSE:ARU) has released an update.
Aurania Resources Ltd. has successfully completed the first part of its non-brokered private placement, raising C$2.17 million through the sale of over 10 million units, with each unit consisting of a common share and a purchase warrant. The company has also resolved C$2.07 million of debt by issuing shares to its CEO, Dr. Keith Barron, a move aimed at bolstering its balance sheet. The funds will primarily support exploration activities at the Kuri-Yawi target in Ecuador and for general capital purposes.
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