Aurion Resources to Sell Units to Kinross Gold in $743,000 Placement

Aurion Resources will sell 885,000 units to Kinross Gold in a non-brokered private placement, raising over $743,000. Kinross will maintain its 9.99% stake in Aurion. The deal is subject to regulatory approval.

Aurion Resources Ltd. (TSXV: AU) has announced a non-brokered private placement of 885,000 units to Kinross Gold Corporation, raising over $743,000. The transaction, expected to close on or about September 16, 2025, will see Kinross maintain its 9.99% stake in Aurion on a partially diluted basis [1].

The private placement, part of a larger non-brokered offering announced on August 26, 2025, involves the sale of units comprising one common share and one-half of one common share purchase warrant of Aurion. Each warrant entitles the holder to acquire one common share at a price of C$1.08 within three years, subject to acceleration in certain circumstances [1].

Kinross initially acquired 6,853,500 common shares of Aurion in September 2017, securing a 9.98% stake in the company. The upcoming private placement will increase Kinross's ownership to approximately 9.75% on a non-diluted basis and 9.99% on a partially diluted basis [1].

Aurion plans to use the net proceeds from this offering and the Kinross private placement to fund exploration and advancement of its Flagship Risti Project in Finland, as well as for general working capital purposes [1].

The deal is subject to regulatory approvals, including from the TSX Venture Exchange, and the securities issued will be subject to a hold period of four months and one day from the closing [1].

References:
[1] https://www.mining.com/press-release?id=68badf239f7b71e5a2e7a8e4