Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Increasing the Probability of Successful Near-Term Outcomes
As of April 24, 2020, Noble Capital Markets research on Aurania Resources is published under ticker symbols (AUIAF and ARU:CA). The price target is in USD and based on ticker symbol AUIAF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Marketed public offering. Aurania Resources closed a marketed public offering of 3,835,250 units, including the underwriter's overallotment option, and realized gross proceeds of C$6,903,450 million. Each unit was sold at a price of C$1.80 and included one common share and one common share purchase warrant with an exercise price of C$2.20 until October 21, 2026.
Private placement. Additionally, the company closed a non-brokered private placement of 1,256,037 units, on the same terms and conditions as the public offering, for gross proceeds of C$2,260,866.60. The common shares and warrants associated with the private placement are subject to a hold period of four months and one day from the date of issuance. The warrants associated with the private placement are expected to be...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.