Vancouver (pcJ News Briefs) – Aurelius Minerals Inc. (TSX-V: AUL) has closed the first tranche of its proposed $2 million non-brokered private placement, issuing 2,950,000 units at $0.10 per unit and 150,000 flow-through (FT) shares at $0.10 per FT share for aggregate gross proceeds of $310,000.
Each unit consists of one common share and one-half of one 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 months following the closing of the offering.
Certain directors and officers participated in the offering by acquiring an aggregate of 500,000 units.
Net proceeds will be used for the upcoming field programs and general working capital purposes.
Aurelius is a gold exploration company, holding the Mikwam and Lipton Properties within the prolific northern Abitibi Gold belt in Ontario, Canada.
photo credit: Aurelius Minerals