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Tuesday, April 23, 2019
Aurania Resources Ltd. (ARU:CA)
Will A New Chief Financial Officer and Loan Commitment Increase Momentum?
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, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Aurania appoints new Chief Financial Officer. Aurania appointed Mr. Tony Wood as Chief Financial Officer. Mr. Wood has completed ~$1 billion in financing and M&A transactions in the mining industry. Mr. Wood has been consulting for the company on a part-time basis since January 2019. Mr. Wood earned a B.Sc. degree from the University of Lancaster, United Kingdom (U.K), and is a qualified Chartered Accountant in the U.K. and Canada. We believe Mr. Wood's experience will enhance the company's strategic development and fundraising capabilities.
- New loan commitment enhances financial flexibility. Aurania also announced a
loan agreement with Dr. Keith Barron, Aurania’s Chairman and CEO, providing up
to US$3,000,000 in financing. In our view, the new loan commitment
provides financial flexibility to expand and/or accelerate the comp...
*Analyst certification and important disclosures included in 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.