trending Market Intelligence /marketintelligence/en/news-insights/trending/EGt8vY0iSjg9HdptI1g_NA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Auryn Resources ups bought-deal offering to C$13M

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Auryn Resources ups bought-deal offering to C$13M

said April 11 thatit signed an agreement with Beacon Securities Ltd., on behalf of a syndicate ofunderwriters, for a bought-deal offering of flow through and non-flow through shares to raise aboutC$13.0 million.

The amount ofthe offering was increased from C$8.0 million due to increased demand.

Under the deal,the underwriters agreed to purchase — on a bought-deal basis — 4,115,391 flow-throughAuryn shares at C$1.89 each and 3,726,708 common Auryn shares at C$1.40 apiece.

The underwriterswill also have an overallotment option to purchase up to an additional 617,309 flow-throughshares and/or 559,006 common shares at the same offering price. The option may beexercised in part or in full, in any combination of the shares, for a period ofup to 30 days after the closing of the offering. The full exercise of the overallotmentoption will raise a further C$1.9 million, pushing the total proceeds to about C$14.9million.

Auryn plansto use the funds from the flow-through shares to incur Canadian exploration expendituresthat are "flow-through mining expenditures," in accordance with Canada'stax laws, to be renounced no later than Dec. 31. Meanwhile, proceeds from the saleof the common shares are earmarked for general working capital.

The offering is expected to close on or about May3 and is subject to certain conditions, including approvals and the completion offormal documentation.