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.

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.

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In total, the company is raising C$80m to support the development of the New Liberty gold project in Liberia.

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