AUL Aurelius Minerals

Aurelius Announces Completion of $150,000 Financing

Aurelius Announces Completion of $150,000 Financing

TORONTO, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Aurelius Minerals Inc. (TSX.V: AUL) (the “Company” or “Aurelius”) announces that it completed a non-brokered placement offering (the “Offering”) of 3,000,000 common share units (“Common Share Units”) at a price of $0.05 per Common Share Unit for aggregate gross proceeds of $150,000.

Each Common Share Unit consists of one common share of the Company (a “Common Share”) and one-common share warrant (“Common Share Warrant”), with each warrant entitling the holder thereof to acquire one Common Share at a price of $0.06 per Common Share for a period of two years following the closing of the Offering.

The net proceeds from the issuance of the Common Share Units will be used for general corporate purposes. The Company did not pay any commission in respect of this financing.

The Offering is subject to receipt of applicable regulatory approvals including the approval of the TSX Venture Exchange.

The securities issued in connection with the offering are subject to a standard four month hold period expiring March 2, 2020.

Certain directors and officers of the Company participated in the Offering by acquiring an aggregate of 2,000,000 Common Share Units.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will be not be registered under the United States Securities Act of 1933 as amended (the “1933 Act”), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act).

About Aurelius

Aurelius is a well-positioned gold exploration company focused on advancing two district-scale gold projects in the Abitibi Greenstone Belt in Ontario, Canada, one of the world’s most prolific mining districts; the 968-hectare Mikwam Property, in the Burntbush area on the Casa Berardi trend and the 12,425-hectare Lipton Property, on the Lower Detour Trend. In 2018, Ontario converted its manual system of ground and paper staking and maintaining unpatented mining claims to an online system. All active, unpatented claims were converted from their legally defined location to a cell-based provincial grid. The Mikwam Property is comprised of 9 legacy claims consisting of 69 Cell Claims including 29 Single Cell Mining Claims (“SCMCs”) and 40 Boundary Cell Mining Claims (“BCMCs”). The Lipton Property is now comprised of 57 legacy claims consisting of 721 Cell Claims, 563 SCMCs, 143 BCMCs, and 30 “internal” and overlapping (i.e., two occupying the same space) BCMCs. The Company has a sound management team with experience in all facets of the mineral exploration and mining industry who will be considering additional acquisitions of advanced staged opportunities in the Abitibi and other proven mining districts.

On Behalf of the Board

AURELIUS MINERALS INC.

For further information please contact:

Aurelius Minerals Inc.

Mark N.J. Ashcroft, President & CEO

Tel.: (416) 304-9095

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Aurelius within the meaning of applicable securities laws, including statements with respect, to the Company’s planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. Possible future financing may not be completed. These risks and uncertainties include but are not limited to those identified and reported in Aurelius’ public filings under Aurelius Minerals Inc.’s SEDAR profile at Although Aurelius has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Aurelius disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

EN
30/10/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Aurelius Minerals

 PRESS RELEASE

Aurelius Minerals Continues to Intersect Extensive Near Surface Gold a...

Toronto, Ontario--(Newsfile Corp. - May 20, 2021) - Aurelius Minerals Inc. (TSXV: AUL) (OTCQB: AURQF) (the "Company" or "Aurelius") is pleased to report assay results from four additional holes from its Aureus West Gold Project and announce the successful completion of its Phase One exploration campaign at the Aureus Gold Project located in Nova Scotia, Canada. The four holes were drilled from the second and third pads of the Phase One program. Holes AW-20-007 from Pad 2 and AW-20-008, AW-20-009 and AW-20-010 are from pad 3, which is approximately 215 metres ("m") east of pad 2 along the main...

 PRESS RELEASE

Aurelius Announces Closing of Final Tranche of Non-Brokered Equity Fin...

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 o...

 PRESS RELEASE

Aurelius Announces Closing of First Tranche of Non-Brokered Equity Fin...

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 aggreg...

 PRESS RELEASE

Aurelius Announces Completion of Share Consolidation

Toronto, Ontario--(Newsfile Corp. - May 4, 2021) - Aurelius Minerals Inc. (TSXV: AUL) (the "Company" or "Aurelius") announces that further to its press release of April 15, 2021, it has received the requisite approval of the TSX Venture Exchange (the "TSXV") and completed the consolidation of the outstanding capital of the Company on the basis of 10 existing common shares for one new consolidated common share (the "Consolidation"). The Consolidation will be effective at the open of the market on May 4, 2021 (the "Effective Date"). The Company will not change its name as part of the Consolida...

 PRESS RELEASE

Aurelius Announces Non-Brokered Equity Financing of Up To $6 Million a...

Toronto, Ontario--(Newsfile Corp. - April 15, 2021) - Aurelius Minerals Inc. (TSXV: AUL) (the "Company" or "Aurelius") announces that it intends to complete a non-brokered private placement offering (the "Offering") consisting of (i) common shares of the Company ("Common Shares") at a price of $0.06 per Common Share on a pre-consolidation basis ($0.60 per share on a post consolidation basis), and (ii) common shares which will qualify as "flow-through shares" (as defined in subsection 66(15) of the Income Tax Act (Canada) ("Flow-Through Shares") at a price of $0.0675 per Flow-Through Share on a...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch