Kin Mining NL reflects on busy June quarter ahead of further gold resource upgrades, regional exploration at Cardinia proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Kin Mining capitalises on robust gold prices and enhances Cardinia economics with royalty purchase
The purchase is poised to enhance project economics at Kin’s flagship gold asset and reduce admin costs as gold futures continue to climb. The $600,000 paid to Sprott represents just 22% of the royalty’s face value
Kin Mining NL (ASX:KIN) (FRA:8KM) has purchased a third-party 1.5% net smelter royalty (NSR) covering future production at its wholly-owned Cardinia Gold Project.
The explorer bought the royalty from prolific gold sector investor Sprott Private Resource Lending for $600,000, with the price tag representing just 22% of the royalty’s face value.
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Toronto, Ontario (Newsfile Corp. - May 14, 2021) - Aurelius Minerals Inc. (TSXV: AUL) (the Company or Aurelius ) announces that it has closed the final tranche of its previously announced non-brokered private placement offering (the Offering ) for additional gross proceeds of $510,000 including (i) 400,000 common shares of the Company ( Common Shares ) on a post consolidation basis for gross proceeds of $240,000, and (ii) 400,000 common shares which qualify as flow-through shares (as defined in subsection 66(15) of the Income Tax Act (Canada) ( Flow-Through Shares ) for gross proceeds of $270,000 as contemplated in its press release dated May 7, 2021. This final tranche was sold through Raymond James Ltd. In total, the Company raised gross proceeds of $6,041,000 on this Offering and issued an aggregate of 9,393,500 Common Shares on a post consolidation basis for the two tranches.
Aurelius Minerals Inc.: Aurelius Announces Closing of First Tranche of Non-Brokered Equity Financing
Toronto, Ontario (Newsfile Corp. - May 7, 2021) - Aurelius Minerals Inc. (TSXV: AUL) (the Company or Aurelius ) announces that it has closed the first tranche of its previously announced $6,000,000 non-brokered private placement offering (the Offering ) by issuing (i) 3,595,041 common shares of the Company ( Common Shares ) on a post consolidation basis for aggregate proceeds of $2,157,025, and (ii) 4,998,462 common shares which qualify as flow-through shares (as defined in subsection 66(15) of the
Income Tax Act (Canada)) ( Flow-Through Shares ) on a post consolidation basis for aggregate gross proceeds of $3,373,962, and a combined aggregate gross proceeds of $5,530,987.