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ARU Arla Foods

70.75
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Arla Foods LSE:ARU London Ordinary Share GB0002577657 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 70.75 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 70.75 GBX

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Date Time Title Posts
08/1/202523:28Aurania Resources (TSXV)21
19/9/200822:43Aurelian Resources: Gold Exploration in Ecuador10
17/4/200719:41Arla Foods: UK's top dairy484
03/6/200508:45Arla Foods: UK's top dairy-
11/3/200509:33Arla Charts-

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Posted at 08/1/2025 23:28 by stu31
Aurania Announces Closing of Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario, December 23, 2024 – Aurania Resources Ltd. (TSXV: ARU; OTCQB: AUIAF; Frankfurt: 20Q) (“Aurania̶1; or the “Company”;) announces that it has closed the second and final tranche (the “Second Tranche”) of its non-brokered private placement financing (the “Offering̶1;) as previously announced on November 25, 2024, and December 13, 2024. An aggregate of 3,747,243 units (the “Units”) were sold under the Offering at a price of C$0.45 per Unit (the “Issue Price”) for aggregate gross proceeds of C$1,686,259.35.

Under the Second Tranche, 1,020,744 Units were sold at the Issue Price for total gross proceeds of C$459,334. No fees were paid to finders in connection with the closing of the Second Tranche.

Each Unit is composed of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“;). Each Warrant entitles the holder to purchase one Common Share (a “Warrant Share”) at an exercise price of C$0.75 per Warrant Share for a period of 24 months following the closing date of the applicable tranche of the Offering such Warrants were issued.

The Company plans to prioritize exploration in France and intends to allocate the majority of the net proceeds raised from the Offering primarily to exploration activities there, including impact studies, as well as to general working capital purposes. The Company may also conduct exploration programs in Ecuador depending on the capital requirements of the Company’s exploration activities.

The Company also completed its previously announced debt settlement transaction, as announced on November 25, 2024 (the “Debt Settlement”). Pursuant to the Debt Settlement, the Company issued an aggregate of 3,868,036 Common Shares to Dr. Keith Barron, the CEO and a director of the Company, in settlement of C$1,652,168.75 of loans plus interest thereon for an aggregate amount of C$1,740,616.36 owed to him (the “Debt”) by the Company, at a price of C$0.45 per Common Share. The Debt related to a promissory note of the Company in respect of a loan previously supplied by Dr. Barron for the purpose of providing cash resources to the Company. The Company had elected to settle the indebtedness through the issuance of Common Shares to preserve cash and strengthen Aurania’s balance sheet.

The Offering and the Debt Settlement are subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSXV and the securities regulatory authorities. All securities issued and issuable in connection with the Offering and the Debt Settlement are subject to a hold period of four months plus one day from the date of issuance.

Dr. Barron acquired 3,868,036 Common Shares pursuant to the Debt Settlement constitutes a “related party transaction” as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as the fair market value of the participation in the Debt Settlement does not exceed 25 percent of the Company’s market capitalization.

The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
Posted at 04/12/2024 18:28 by stu31
Aurania Announces Amended Terms for Private Placement and Debt Settlement; Agreement Complete for Payment of Mineral Properties in Ecuador

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario, November 25, 2024 – Aurania Resources Ltd. (TSXV: ARU; OTCQB: AUIAF; Frankfurt: 20Q) (“Aurania̶1; or the “Company”;) announces revised pricing for its previously disclosed non-brokered private placement financing, initially announced on November 13, 2024.

Under the amended terms, the Company intends to issue up to 8,888,888 units (the “Units“) at a price of C$0.45 per Unit (the “Issue Price”), for gross proceeds of up to C$4,000,000 (the “Offering̶0;). Each Unit will consist of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“;). Each Warrant will entitle the holder to purchase one Common Share (a “Warrant Share”) at an exercise price of C$0.75 for a period of 24 months following the closing of the Offering.

The Company retains the option to increase the size of the Offering by up to 25%, allowing for the issuance of an additional 2,222,222 Units to raise up to an extra C$1,000,000.

Use of Proceeds

The Company intends to use the net proceeds raised from the Offering for exploration in France including impact studies, exploration programs at key targets in Ecuador, and for general working capital purposes.

Finders

In connection with the Offering, the Company may pay finders’ fees to certain eligible finders of up to 7% in cash of the gross proceeds raised in the Offering from subscribers introduced to the Company by such finders and up to 7% in finders warrants (the “Finder Warrants”) of the aggregate number of Units placed by such finders, subject to the approval of the TSXV. Each Finder Warrant will entitle the holder thereof to purchase one (1) Unit at the Issue Price and will be exercisable for a period of 24 months from the closing of the Offering. Each Finder Warrant will be comprised of one Common Share and one Warrant.

Subscription Procedure

Existing shareholders and other investors interested in subscribing to the Offering should register their interest via email to carolyn.muir@aurania.com.

Closing and Hold Period

Closing of the Offering is anticipated to be completed on or about December 10, 2024, or such other date or dates that the Company may determine and may close in tranches. Closing is subject to the receipt of all necessary regulatory approvals including (but not limited to) the receipt of approval from the TSXV of the listing of the Common Shares and the Warrant Shares issuable upon the exercise of the Warrants. The Warrants are not eligible to be listed, and therefore will not be tradeable on the TSXV. The securities issued pursuant to the Offering shall be subject to a four-month plus one day hold period commencing on the day of the closing of the Offering, as applicable, under applicable Canadian securities laws. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSXV.

Agreement for Payment of Mineral Properties in Ecuador

The Company is pleased to announce that it has reached an agreement with the corresponding Ecuadorian authorities regarding the payment of its annual concession fees for its 42 mineral exploration concessions in Ecuador for the year 2024. This agreement ensures the Company’s properties remain in good standing, enabling continued focus on exploration efforts. As part of the agreement, the Company has made a partial payment, with the balance to be paid within the following six months, including interest on the outstanding amount.

Debt Settlement

As previously announced on November 13, 2024, Aurania’s board of directors has approved a debt settlement arrangement with Dr. Keith Barron, the CEO and a director of the Company, whereby Dr. Barron will convert C$1,652,168.75 of the loans owed to him by the Company, plus accrued interest totaling C$1,740,616.36 (the “Debt”), into Common Shares (the “Debt Settlement”). The pricing of the Debt Settlement has been revised such that each common share being issued to settle the debt shall be issued at a price of $0.45 per share. This will result in the issuance of up to 3,868,036 Common Shares to settle the debt. The Debt relates to promissory notes of the Company in respect of loans by Dr. Barron for the purpose of providing cash resources to the Company. The Company has elected to settle the indebtedness through the issuance of Common Shares to preserve cash and strengthen the Company’s balance sheet. There are no warrants associated with the Debt Settlement. Completion of the Debt Settlement is not dependent on the completion of the Offering nor is completion of the Offering dependent on the completion of the Debt Settlement.

Closing of the Debt Settlement is anticipated to be completed on or about December 10, 2024, or such other date or dates that the Company may determine and may close in tranches. The securities issued pursuant to the Debt Settlement shall be subject to a four-month plus one day hold period commencing on the day of the closing of the Debt Settlement, as applicable, under applicable Canadian securities laws. The Debt Settlement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSXV.

Insider Participation

Certain directors and officers of the Company are expected to acquire Units under the Offering and/or participate in the Debt Settlement. Such participation will be considered to be a “related party transaction” as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Units to be acquired by the participating directors and officers or the Common Shares to be acquired by Dr. Barron under the Debt Settlement nor the consideration to be paid by such directors and officers is anticipated to exceed 25 percent of the Company’s market capitalization.

The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
Posted at 24/11/2024 23:47 by stu31
Aurania Announces Non-Brokered Private Placement of up to C$4.0 Million and Debt Settlement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario, November 13, 2024 – Aurania Resources Ltd. (TSXV: ARU; OTCQB: AUIAF; Frankfurt: 20Q) (“Aurania̶1; or the “Company”;) is pleased to announce its intention to complete a non-brokered private placement financing of up to 7,272,728 units of the Company (the “Units”) at a price of C$0.55 per Unit (the “Issue Price”) for total gross proceeds to the Company of up to C$4,000,000 (the “Offering̶1;). The Company has reserved the right to increase the size of the Offering by up to 25% of the size of the Offering, such that up to an additional 1,818,182 Units may be issued to raise additional gross proceeds of up to C$1,000,000.

Each Unit will consist of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”;). Each Warrant will entitle the holder to purchase one Common Share (a “Warrant Share”) at an exercise price of C$0.90 per Warrant Share for a period of 24 months following the closing of the Offering.

Use of Proceeds

The Company intends to use the net proceeds raised from the Offering for exploration in France including impact studies, exploration programs at key targets in Ecuador, and for general working capital purposes.

Finders

In connection with the Offering, the Company may pay finders’ fees to certain eligible finders of up to 7% in cash of the gross proceeds raised in the Offering from subscribers introduced to the Company by such finders and up to 7% in finders warrants (the “Finder Warrants”) of the aggregate number of Units placed by such finders, subject to the approval of the TSXV. Each Finder Warrant will entitle the holder thereof to purchase one (1) Unit at the Issue Price and will be exercisable for a period of 24 months from the closing of the Offering. Each Finder Warrant will be comprised of one Common Share and one Warrant.

Subscription Procedure

Existing shareholders and other investors interested in subscribing to the Offering should register their interest via email to carolyn.muir@aurania.com.

Closing and Hold Period

Closing of the Offering is anticipated to be completed on or about December 10, 2024, or such other date or dates that the Company may determine and may close in tranches. Closing is subject to the receipt of all necessary regulatory approvals including (but not limited to) the receipt of approval from the TSXV of the listing of the Common Shares and the Warrant Shares issuable upon the exercise of the Warrants. The Warrants are not eligible to be listed, and therefore will not be tradeable on the TSXV. The securities issued pursuant to the Offering shall be subject to a four-month plus one day hold period commencing on the day of the closing of the Offering, as applicable, under applicable Canadian securities laws. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSXV.

Debt Settlement

Aurania’s board of directors have agreed to approve a debt settlement arrangement with Dr. Keith Barron, the CEO and a director of the Company, whereby Dr. Barron will convert C$1,652,168.75 of the loans owed to him by the Company, plus interest accrued thereof, for an aggregate amount of C$1,740,616.36 (the “Debt”) owed to him, into Common Shares at a price of C$0.55 per Common share (the “Debt Settlement”). Under the Debt Settlement, up to 3,164,757 Common Shares may be issued to settle the Debt. The Debt relates to promissory notes of the Company in respect of loans by Dr. Barron for the purpose of providing cash resources to the Company. The Company has elected to settle the indebtedness through the issuance of Common Shares to preserve cash and strengthen the Company’s balance sheet. There are no warrants associated with the Debt Settlement.

Closing of the Debt Settlement is anticipated to be completed on or about December 10, 2024, or such other date or dates that the Company may determine and may close in tranches. The securities issued pursuant to the Debt Settlement shall be subject to a four-month plus one day hold period commencing on the day of the closing of the Debt Settlement, as applicable, under applicable Canadian securities laws. The Debt Settlement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSXV.

Insider Participation

Certain directors and officers of the Company are expected to acquire Units under the Offering and/or participate in the Debt Settlement. Such participation will be considered to be a “related party transaction” as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Units to be acquired by the participating directors and officers or the Common Shares to be acquired by Dr. Barron under the Debt Settlement nor the consideration to be paid by such directors and officers is anticipated to exceed 25 percent of the Company’s market capitalization.

The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
Posted at 12/11/2024 22:36 by stu31
Aurania Nickel Samples from Corsica Yield Precious Metals as Well as Cobalt and Copper

Toronto, Ontario, November 11, 2024 – Aurania Resources Ltd. (TSXV: ARU; OTCQB: AUIAF; Frankfurt: 20Q) (“Aurania̶1; or the “Company”;) has received preliminary results from ongoing mineral processing, laboratory assay and metallurgical studies conducted by SGS Laboratories (Lakefield) Ltd. (“SGS”) on a sample of magnetic sand taken from Nonza Beach, Corsica, under independent supervision by Mr. John Rae, P. Geo. of Ontario, Canada. The nickel-bearing mineral in the black magnetic sand is awaruite, a naturally occurring nickel-iron alloy, which is both of high specific gravity (dense) and of high magnetic susceptibility (magnetic).

Project Highlights:

Black beach sands from Nonza Beach, Corsica, contain the magnetic nickel-iron mineral awaruite transported by longshore drift from a nearby historic mine.
The beach is approximately 1350 metres long and up to 350 metres wide, with the beach material extending on the seabed up to at least an additional 600 metres offshore. The maximum beach thickness is estimated at 14 metres but this has yet to be tested by drilling.
Preliminary studies indicate the beach is 40% sand, up to 31.7% of which is magnetic, and a magnetic concentrate of the sand (containing awaruite+magnetite) yielded 40.1% nickel. 98% of the awaruite reports to the ? 1 mm fraction
New assays of an awaruite flotation concentrate yielded 4% nickel, 0.98% cobalt, 0.65% copper, 0.58 g/t gold, 0.09 g/t platinum and 0.39 g/t palladium
Further metallurgical studies are underway to determine the potential marketability of the mixed awaruite-magnetite as nickel-matte feedstock versus pure awaruite as a polymetallic product
Study of identical sands at the nearby Albo Beach are also underway
SGS was able to isolate a nearly pure awaruite concentrate using a combination of grinding and flotation of magnetic sand collected in a traverse of Nonza Beach using a high field strength rare earth magnet. The awaruite flotation concentrate assayed 71.4% nickel, 0.98% cobalt, 0.65% copper, 0.58 g/t gold, 0.09 g/t platinum and 0.39 g/t palladium. The flotation method was able to recover 83.8% of the nickel contained in the magnetic sand, which had a head grade of 6% nickel. Using reverse flotation, a second product of nearly pure (93%) magnetite was obtained. This process has not been optimised and is a “first pass” only. It is believed that the recovery of nickel from the raw magnetic sand can be improved.

An examination of the literature shows that platinum group metal (“PGM”) enrichment in awaruite is quite rare. The only other occurrence documented being in the Kamchatka Peninsula of Russia[1] The Company had previously determined that the Corsican awaruite contains PGMs by electron microprobe analysis carried out at Western University in Canada, and these new assay results by SGS confirm and quantify this.

As presented in the Company’s press release dated October 3, 2024, a Mozley gravity table concentrate of magnetic beach sand generated by SGS yielded 40.1% nickel. The Company believes that an “impure” awaruite-magnetite gravity concentrate by itself could be potentially saleable as feedstock for a nickel-matte furnace. However, recovery and isolation of a pure awaruite product may allow for the extraction of cobalt, copper, and precious metals in a “value-added” scenario. Hydrometallurgical studies using an atmospheric leach on the remainder of the sample recovered by flotation is in progress with encouraging early results. The Company has no plan at this time to build a refinery or manufacture any battery grade materials but would like to explore all possibilities for commerciality.

The Company notes that it has not done sufficient work to determine a compliant resource at this juncture.
Posted at 12/11/2024 22:31 by stu31
Aurania’s Sampling of Sea Bottom Indicates Potential for Greater Extent of Nickel at Corsica

Toronto, Ontario, November 4, 2024 – Aurania Resources Ltd. (TSXV: ARU; OTCQB: AUIAF; Frankfurt: 20Q) (“Aurania̶1; or the “Company”;) reports that further to its news release dated October 3, 2024, Jean-Paul Pallier, P. Geo., VP Exploration of Aurania, and Stefan Ansermet, Geological Consultant to Aurania, have completed first pass sea bottom sampling offshore of the Nonza and Albo Beaches, Cap Corse suggesting that the nickel potential is not confined to the beach alone, but extends significantly offshore. Using a high-intensity rare earth magnet lowered to the seabed, very abundant black sands were collected as much as 600 metres offshore of Nonza Beach and up to 300 metres offshore of Albo Beach. The black sands are believed to be composed of awaruite (Ni3Fe) and magnetite (Fe3O4), and preliminary analysis of a concentrate of black beach sand at Nonza yielded 40.1% nickel.

LiDAR is a remote sensing technology that penetrates through vegetation and water, producing detailed 3D images of the Earth’s surface both above and below water. Examination of the black and white LiDAR[1] image below (Figure 1), which shows Nonza Beach and the sea bottom immediately to the west of the beach, indicates a markedly different submarine topography in front of the beach. You can see the submarine areas to the north and south have an irregular topography which is due to rocky seabed. The sea bottom west of the beach is mostly smooth; the hollows have been filled in with sand. As demonstrated by historical air photos (Figure 2), it is believed that the waste from the historic Canari Mine, which had filled in the port of Nonza, also filled in and covered the sea bottom at Albo and Nonza Beaches.

One day was spent in reconnaissance sampling of the sea bottom to test this hypothesis (Figures 3 and 4). A high field strength Sm-Nd magnet was used on the end of fishing line and an innovative reel to retrieve it was put together from a power drill by Stefan. A total of four samples were collected in front of Albo Beach and six samples in front of Nonza Beach. In each case, the magnet collected large amounts of magnetic sand off the sea bottom. Samples of this sand have been sent to ALS Chemex in Seville, Spain, for analysis. Since nickel is not present in the magnetite, any nickel in the assays would indicate the presence of awaruite.

The Company has been in touch with WOKO Magnet- und Anlagenbau GmbH of Duisburg, Germany, who manufacture a marine electromagnet that possibly could be used to recover the magnetic sand. This magnet (Figure 5) is used to clean up ordnance from WWII in the sea, and to remove metal trash. We believe the recovery of sand by this method would have minimal disturbance to the environment. The sand is obviously already at the surface and is probably a bottom lag, winnowed by the currents so that the heavy metal grains are preferentially concentrated.
Posted at 07/10/2024 21:26 by stu31
From 1:44

Aurania Resources CEO interview with Dr. Keith Barron (TSX-V: ARU) - #preciousmetals and #copper stock with exposure to Ecuador and France.
Posted at 19/6/2024 20:06 by stu31
2023

AURANIA RESOURCES (TSXV: ARU | TCQB: AUIAF) - Exceptional Track Record of Discoveries in Ecuador
Posted at 30/5/2024 21:09 by stu31
AURANIA ANNOUNCES CLOSING OF TRANCHE 2 OF PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario, May 23, 2024 – Aurania Resources Ltd. (TSXV: ARU; OTCQB: AUIAF; Frankfurt: 20Q) (“Aurania̶1; or the “Company”;) announces it has closed the second tranche (the “Second Tranche”) of its non-brokered private placement of up to 20,000,000 units (“Units”) for aggregate gross proceeds of up to C$4,000,000, subject to the right of the Company to increase the size of the Initial Offering by up to 25% (the “Offering̶1;). An aggregate of 4,219,752 Units were sold under the Second Tranche at a price of C$0.20 per Unit (the “Issue Price”), for total gross proceeds of C$843,950.40. The Company expects to close a third and final tranche next week.

Each Unit is composed of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”;). Each Warrant entitles the holder to purchase one Common Share (a “Warrant Share”) at an exercise price of C$0.45 per Warrant Share at any time until May 23, 2026.

The Company intends to use the net proceeds raised from the Offering for exploration and target refinement at the Kuri-Yawi target area in Ecuador, and for general working capital purposes, as described in greater detail in its news release of April 17, 2024. For details relating to the closing of Tranche 1, please refer to Aurania’s news release of May 9, 2024.

No fees were paid to finders in connection with the closing of the Second Tranche.

Completion of the Second Tranche is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. All securities issued and issuable pursuant to the Second Tranche of the Offering are subject to a four-month plus one day hold period commencing on the date of issuance.

The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
Posted at 30/5/2024 21:08 by stu31
AURANIA ANNOUNCES INCREASE IN SIZE OF DEBT SETTLEMENT TO C$2.07 MILLION
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario, April 24, 2024 – Aurania Resources Ltd. (TSXV: ARU; OTCQB: AUIAF; Frankfurt: 20Q) (“Aurania̶1; or the “Company”;) announces that, further to its news release of April 17, 2024, it intends to increase the size of the debt settlement arrangement with Dr. Keith Barron, the CEO and a director of the Company, whereby Dr. Barron will convert up to C$2.0 million of the loans plus interest thereon of C$72,165, for an aggregate amount of C$2,072,165 owed to him (the “Debt”) by the Company into common shares (“Common Shares”) at a price of C$0.20 per Common Share (the “Debt Settlement”). The Debt relates to promissory notes of the Company in respect of loans by Dr. Barron for the purpose of providing cash resources to the Company. The Company has elected to settle the indebtedness through the issuance of Common Shares to preserve cash and strengthen the Company’s balance sheet. There are no other changes to the terms of the Debt Settlement, as announced on April 17, 2024.

Closing

Closing of the increased size of the Debt Settlement is anticipated to be completed on or about May 8, 2024, or such other date or dates that the Company may determine and may close in tranches. The securities issued pursuant to the Debt Settlement shall be subject to a four-month plus one day hold period commencing on the day of the closing of the Debt Settlement, as applicable, under applicable Canadian securities laws. The Debt Settlement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSXV.

The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Insider Participation

Certain directors and officers of the Company are expected to participate in the Debt Settlement. Such participation will be considered to be a “related party transaction” as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as the fair market value of the participation in the Debt Settlement will not exceed 25 percent of the Company’s market capitalization.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.
Posted at 12/12/2005 23:37 by gerry321
Den
Youre absolutely right a stock shortage will be positive for the sp
However
Cos with shortages of stock seem to generate their own particular share price profile and share price graphs...........For some reason they don't seem to attract a lot of small shareholders
..willing to drive the share price up on their own.....
The main drivers seem to be MMs mopping up small deals then reselling them to Clients at a prearranged share price which is fitted into the share price movements without any impact whatsoever on the next trade
So
What we have with aru is similar to other Cos where there is a lot of stock held semi permanently by a major owner and some big institutions (ie over 65%)
eg
BWNG
AVE

These big players are effectively locked into the Co since any move to dump shares or make a big buy would as you say have a major impact on the sp
When these guys do decide to move the share price is affected sharply
I got into ave at 63p in dec 04 just before some big institutions decided to dump stock after a bad trading update
The share price fell to 48p and left me sitting on a biggie....I held on
In spring 05 the institutions started building a position again and the share price recovered to 70p.......I still held onto my holding and saw it fall back down to 63p at which point a rights issue was announced plunging the stock to 54p
I took up the rights issue and eventually sold at a 20% profit at 64p.....the share price is now around 73p as institutions buy in a tight market below the 3% level ahead of the dec 16 tradng update
I had a similar experience with bwng getting in at 106p and out at 162p
The moral of the story is that a shortage of stock cannot be hidden and thus when the big boys start buying the share price moves up albeit gradually by around 20% and sometimes more
Arla Foods Uk share price data is direct from the London Stock Exchange