(MENAFN- ProactiveInvestors - N.America) Junior gold explorer Auryn Resources Inc (CVE: AUG OTCQX: GGTCF) completed its previously announced bought deal offering to raise over $14.9mln for working capital.
It offered over 4.2mln non-flow through shares at C$1.40 per share and 4.73mln flow-through shares at an issue price of C$1.89 each.
The fundraise was carried out by a syndicate of underwriters led by Beacon Securities Limited and including PI Financial Corp Canaccord Genuity Corp. and Echelon Wealth Partners Inc.
The proceeds from the sale of the common shares will be used m for general corporate and working capital purposes it said.
Auryn is focused on exploring high-grade gold deposits in established mining jurisdictions.
It holds a 100% interest in the Committee Bay gold project located in Nunavut Canada
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