VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 6, 2017) - Aurelius Minerals Inc. (TSX VENTURE:AUL) (the "Company" or "Aurelius") announces that is has closed a second tranche of its non-brokered private placement for total gross proceeds of $433,000 from the sale of 2,730,000 common share units ("Common Share Units") at a price of $0.10 and 1,600,000 flow-through shares at a price of $0.10. The Common Share Units and the flow-through shares are collectively referred to herein as the "Offering".
Each Common Share Unit consists of one common share of the Company ("Common Share") and one-half of one common share warrant ("Common Share Warrant"), with each whole warrant entitling the holder thereof to acquire one Common Share at a price of $0.15 per Common Share for a period of twenty-four (24) months following the closing of the Offering.
The Company paid finders' fees totaling $10,830 representing 6% of a portion of the gross proceeds raised.
The Company has now raised $743,000 of its proposed $2 million financing and continues to work towards completing the remainder of the financing.
The net proceeds from the Offering will be used by the Company for the upcoming field programs and general working capital purposes. Upcoming field programs are expected to follow-up on several target areas warranting additional exploration in the Abitibi Gold belt and to include detailed geochemical sampling, ground geophysical surveying and drilling.
The securities issued in connection with the offering are subject to a standard four month hold period expiring August 6, 2017.
This new release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will be not be registered under the United States Securities Act of 1933 as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.
About Aurelius
Aurelius is a premier gold exploration company, holding the Mikwam and Lipton Properties within the prolific northern Abitibi Gold belt in Ontario, Canada. The company has a sound management team with experience in all facets of the mineral exploration and mining industry who will be considering additional acquisitions of advanced staged opportunities in the Abitibi and other proven mining districts.
