Thursday, February 07, 2019

Aurania Resources Ltd. (ARU:CA)

Rights offering leads the way in financing 2019 growth initiatives.

Aurania Resources
Ltd. is a Canada-based junior mining exploration company engaged in the
identification, evaluation, acquisition, and exploration of mineral property
interests, with a focus on precious metals and copper. Its flagship asset, The
Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of
Morona-Santiago. The company also has several minor projects in Switzerland.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

RATING: OUTPERFORM

• Rights
  offering expires March 6.  Aurania recently announced a rights offering to raise up to C$6.35 million.  Eligible shareholders were entitled to one right for each share held at the close of business on February 4, 2019.  For every fourteen rights held, shareholders are able to purchase one common share for C$2.70 per common share until 5:00 pm ET on March 6, 2019.  The shares recently closed at $2.85 per share.
• Rights
  began trading on February 1.  The rights began trading on the TSX Venture Exchange under the symbol ARU.RT on February 1 and will trade until 12:00 pm ET on March 6, 2019.  If sha…
  
  
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*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.