Toronto-listed Auryn Resources on Monday announced a C$22.5-million bought-deal private placement financing, which is a key condition of a recently announced transaction with fellow listed Eastmain Resources, which would create Fury Gold Mines.
Auryn entered into an agreement with a syndicate of Canadian underwriters for an aggregate of 7.5-million subscription receipts, which would be exchanged for common shares of Auryn at the completion of the Eastmain transaction.
In late July, Auryn announced that would acquire Eastmain after spinning-out its own Peruvian operations to shareholders. The transaction would create a Canadian projects developer, Fury Gold Mines, and result in two additional new independent companies holding Auryn’s Peruvian projects.