Auranova Announces Private Placement of Units and Flow-Through Shares
Auranova Resources announced a non-brokered private placement of up to $4 million, combining up to 3,333,333 flow-through shares at $0.30 and up to 12 million hard-dollar units at $0.25. Each unit includes one common share plus a half warrant exercisable at $0.50 for one year, and the company may pay a 6% cash commission on gross proceeds.
Key figures
- Deal Value Usd
- 4000000
- Offering Price
- $0.30 per FT Share; $0.25 per Unit
- Shares Offered
- up to 3,333,333 FT shares and up to 12,000,000 units
- Commission
- 6% of gross proceeds
- Hold period
- four months plus a day
- Warrant term
- 1 year from closing
- Warrant strike
- 0.5
- Units per warrant
- one-half warrant per unit
AI analysis
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