Auryn Resources Inc. Increases Private Placement to $7.15 Million
VANCOUVER, Nov. 27, 2014 - Auryn Resources Inc. (TSX-V: AUG, "Auryn" or the "Company"), is pleased to announce that it has increased the non-brokered financing announced on October 16th, 2014 from $3,250,000 to $7,150,000 as a result of increased demand. The placement will now consist of up to 11 million common shares of the Company at a price of CAD$0.65 per share (the "Offering").
The Company intends to use the net proceeds, as well as its existing treasury to continue the pursuit of mineral property opportunities globally. At this time, the Company has not entered into any definitive agreement with respect to any of these acquisitions.
- Published: 27 November 2014
- Written by Editor