Auryn and Eastmain Announce a C$22.5 Million Equity Financing

Source - MicroSmallCap

VANCOUVER, BC and TORONTO, ON / ACCESSWIRE / August 31, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) (“Auryn” or the “Company”) and Eastmain Resources Inc. (TSX:ER) (“Eastmain“) are pleased to jointly announce that Auryn has entered into an agreement with a syndicate of Canadian underwriters in connection with a bought deal private placement financing (the “Bought Deal Offering“) of an aggregate of 7,500,000 subscription receipts of the Company (the “Subscription Receipts“) to raise gross proceeds of C$22,500,000. The Subscription Receipts will be exchanged for common shares of Auryn concurrently with completion of the recently announced transaction whereby Auryn will acquire ...

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