ST. JOHN'S, NL, Aug. 26, 2025 /CNW/ - Aurion Resources Ltd. (TSXV: AU) (OTCQX: AIRRF) ("Aurion" or the "Company") announces a non-brokered private placement (the "Offering") with a strategic investor (the "Strategic Investor") that is expected to result in the Strategic Investor holding, after giving effect to the Offering, approximately 6.88% of the issued and outstanding common shares of Aurion on a non-diluted basis and approximately 9.98% on a partially-diluted basis. The Strategic Investor has agreed to subscribe for 11,060,000 units (the "Units") of the Company for total consideration of C$9,290,400 at a price of C$0.84 per Unit. Each Unit is comprised of one common share of Aurion (a "Common Share") and one-half of one common share purchase warrant of Aurion (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of C$1.08 for a period of three years following the closing date of the Offering, subject to acceleration in certain circumstances. At least 75% of the net proceeds of the Offering will be used to advance exploration and technical work programs on the Company's 100% owned Risti project.
Read more at newswire.caAurion Announces C$9.3 Million Strategic Investment
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