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Auryn Resources completes bought deal offering raising gross proceeds of US$15 million

Fasken
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Overview

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Beacon Securities Limited

On May 4, 2016, Auryn Resources Inc., a junior mining exploration company, completed its bought deal short form prospectus offering of 4,285,714 non-flow through shares (the “Common Shares”), which includes 559,006 Common Shares issued on exercise of the full over-allotment option, at an issue price of C$1.40 per Common Share and 4,732,700 flow through shares (the “Flow-Through Shares”), which includes 617,309 Flow-Through Shares issued on exercise of the full over-allotment option, at an issue price of C$1.89 per Flow-Through Share, for aggregated gross proceeds of $14,944,802.60 (the “Offering”). The Offering was conducted by a syndicate of underwriters led by Beacon Securities Limited (“Beacon”) and including PI Financial Corp., Canaccord Genuity Corp. and Echelon Wealth Partners Inc. (formerly, Euro Pacific Canada Inc.). Beacon was advised by a team of Fasken Martineau lawyers that included John Sabetti, Justine Connors and Noel Chow, with assistance from Mitchell Thaw (Tax) and student-at-law Mariko Rivers.

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