Aureus Energy sets fund-raising prices
Stock available in gold miner Aureus Mining's recently announced rights issue will be priced at 80 Canadian cents a unit, while securities available through the private placement will be placed at 50p per unit.
Stock available in gold miner Aureus Mining's recently announced rights issue will be priced at 80 Canadian cents a unit, while securities available through the private placement will be placed at 50p per unit.
Each unit is comprised of one common share of the company and one-quarter of one common share purchase warrant of the company; each Warrant will entitle the holder thereof to purchase one Aureus common Share at a price of 62.5p (or the equivalent in Canadian dollars) for a period of 18 months from the date on which the offering closes.
Two company directors, David Reading and Luis da Silva, will be buying shares through the placement, with Chief Executive Officer Reading subscribing for 75,000 units and non-executive director da Silva 10,000.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In total, the company is raising C$80m to support the development of the New Liberty gold project in Liberia.
JH
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
73% of savers plan to rely on partner’s pension in retirement
A new survey suggests the majority of people may lack financial independence in retirement, with almost three-quarters set to rely on their partner’s pension
-
How much you need to follow the 25x retirement rule – will you have enough to be financially independent?
We explain what the 25x retirement rule is and the amount you would need to be financially independent in retirement.