Aurania Resources Ltd. provides an update on the Company's activities and announces that its directors received their quarterly director fees in the form of stock options in lieu of cash for the period ended September 30th. Ecuador At the Company's Kuri-Yawi gold target, preparation is underway for an induced polarization geophysical survey. The geophysical company has been selected and the survey is expected to commence [...]
Aurania Resources Ltd. announces that Palamina Corp. has completed the acquisition of 100% of the shares of Aurania's Peruvian Subsidiary, Sociedad Minera Vicus Exploraciones S.A.C. , as anticipated in the press release dated June 10, 2024. Aurania received 350,000 common shares of Palamina Corp. and was granted a 1% Net Smelter Return royalty as full payment for the purchase of Vicus. Palamina has the option to buy back [...]
Aurania Resources Ltd. announces that further to its news releases dated March 28, 2024, and July 2, 2024, the Company wishes to clarify certain terms relating to the grant of options to directors in lieu of cash fees. Certain Directors of the Company have agreed to receive their quarterly director fees for 2024 in the form of stock options in lieu of cash. As announced on March 28, 2024, an aggregate of 94,000 stock [...]
Aurania Resources Ltd. announces that visible gold has been found in the area of the Company's Crunchy Hill target in southeastern Ecuador. The gold, as shown in figures 1 and 2 below, was found during basic prospecting by one of Aurania's reconnaissance exploration geologists. The source of this gold needs to be confirmed through further investigation including the completion of assays. The Crunchy Hill target is being [...]
Aurania Resources announces the grant of 2,154,000 stock options to directors, officers, employees and consultants pursuant to the terms and subject to the conditions of the Company's Incentive Stock Option Plan. As previously announced on March 28, 2024, the Directors of the Company agreed to receive their quarterly director fees for 2024 in the form of stock options in lieu of cash. On June 28th, 2024, each director was [...]
Aurania Resources announces that its shareholders approved all resolutions at the Company's Annual and Special Meeting of Shareholders which was held on Thursday, June 13, 2024. The formal part of the Meeting was followed by an update from Aurania's President & CEO, Dr. Keith Barron. To access the replay of the Dr. Barron's update, click here. At the Meeting, shareholders approved the financial statements for the [...]
Aurania Resources Ltd. announces that it has signed a share purchase agreement with Palamina Corp. whereby Aurania has agreed to sell to Palamina 100% of the shares of Aurania's Peruvian wholly-owned subsidiary, Sociedad Minera Vicus Exploraciones S.A.C. . Under the Agreement, Aurania will receive 350,000 common shares of Palamina and a 1% Net Smelter Return royalty over certain mining claims located in Peru which are [...]
Aurania Resources Ltd. announces that its Annual and Special Meeting of Shareholders will be held at 1:30pm EST on Thursday, June 13, 2024 at the Company's offices at 8 King Street East, Suite 1800, Toronto, ON M5C 1B5. Aurania's President & CEO, Dr. Keith Barron is planning to provide a brief update on activities and plans following the formal part of the Meeting. The Company expects to provide a link to a replay of Dr [...]
Aurania Resources Ltd. announces it has closed the third and final tranche of its non-brokered private placement of up to 20,000,000 units for aggregate gross proceeds of up to C$4,000,000 . An aggregate of 18,716,112 Units have been sold under the Offering for total gross proceeds of C$3,743,222.40. An aggregate of 3,622,000 Units were sold under the Third Tranche at a price of C$0.20 per Unit , for Third Tranche gross [...]
Aurania Resources Ltd. announces it has closed the second tranche of its non-brokered private placement of up to 20,000,000 units for aggregate gross proceeds of up to C$4,000,000, subject to the right of the Company to increase the size of the Initial Offering by up to 25% . An aggregate of 4,219,752 Units were sold under the Second Tranche at a price of C$0.20 per Unit , for total gross proceeds of C$843,950.40. The [...]
Aurania Resources Ltd. announces that, further to its news releases of April 17, 2024 and April 24, 2024, it has closed the first tranche of its non-brokered private placement of up to 20,000,000 units for aggregate gross proceeds of up to C$4,000,000, subject to the right of the Company to increase the size of the Initial Offering by up to 25% . An aggregate of 10,874,360 Units were sold under the First Tranche at a [...]
Aurania Resources Ltd. announces that, further to its news release of April 17, 2024, it intends to increase the size of the debt settlement arrangement with Dr. Keith Barron, the CEO and a director of the Company, whereby Dr. Barron will convert up to C$2.0 million of the loans plus interest thereon of C$72,165, for an aggregate amount of C$2,072,165 owed to him by the Company into common shares at a price of C$0.20 per [...]