VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 19, 2017) - Aurelius Minerals Inc. (TSX VENTURE:AUL) (the "Company" or "Aurelius") announces an amendment to its previously announced $2 million financing. The Company has raised $743,000 of the financing and intends to complete the remainder of the non-brokered private placement offering (the "Offering") to sell common share units ("Common Share Units") at a price of $0.10 per Common Share Unit and flow-through units ("Flow Through Units") at a price of $0.10 per Flow-Through Unit.
Each Flow-Through Unit shall consist of one flow-through common share of the Company 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 "Common Share Warrant Expiry Date").
The terms of the Common Share Units remain unchanged.
A finder's fee may be payable in connection with certain subscriptions.
Closing of the Offering is subject to receipt of applicable regulatory approvals including the approval of the TSX Venture Exchange. The securities issued will be subject to a standard four month hold period.
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.
