On June 1, 2018, - Aura Silver Resources Inc. (TSXV: AUU) (the "Company") closed its non-brokered private placement of units raising proceeds of $280,020 (the "Offering"). A total of 9,334,000 units were issued to investors at $0.03 per unit.
Each unit consisted of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.05 per share for a period of 36 months following the date of issuance ("Warrants").
In connection with the Offering, the Company has paid eligible finders cash commissions in the amount of $9,600 being 8% of the aggregate proceeds from the sale of units to purchasers introduced by the finders as well as issued an aggregate of 320,000 compensation options (each a "Compensation Option"), which is equal to 8% of the number of units sold to purchasers introduced by the finders. Each Compensation Option entitles the finder to acquire a unit (comprising a common share and a Warrant) at an exercise price of $0.05 and is exercisable for 36 months following the date of issuance.
Fasken advised Aura Silver Resources led by Virginia Schweitzer.
Each unit consisted of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.05 per share for a period of 36 months following the date of issuance ("Warrants").
In connection with the Offering, the Company has paid eligible finders cash commissions in the amount of $9,600 being 8% of the aggregate proceeds from the sale of units to purchasers introduced by the finders as well as issued an aggregate of 320,000 compensation options (each a "Compensation Option"), which is equal to 8% of the number of units sold to purchasers introduced by the finders. Each Compensation Option entitles the finder to acquire a unit (comprising a common share and a Warrant) at an exercise price of $0.05 and is exercisable for 36 months following the date of issuance.
Fasken advised Aura Silver Resources led by Virginia Schweitzer.
