Daura Gold Upsizes Non-Brokered Private Placement to C$3 Million
Daura Gold plans to raise up to C$3 million to fund South American gold and silver exploration and working capital.
Rhea-AI Summary
Daura Gold (DGCOF) increased its non-brokered private placement to up to 13,043,478 units at C$0.23 per unit for gross proceeds of up to C$3.0 million.
Each unit comprises one common share and one-half warrant, with each whole warrant exercisable at C$0.375 for 24 months after closing. Proceeds are expected to fund exploration in Argentina and Peru, including Phase II drilling at the Cerro Bayo and La Flora projects and advancing the flagship Antonella project toward a Phase I drill program, as well as general working capital. The offering includes finders’ fees to eligible parties, is subject to TSX Venture Exchange approval, and all securities will be subject to a four-month-and-one-day resale restriction under applicable securities laws.
Positive
- Offering upsized to 13,043,478 units, targeting up to C$3.0 million in gross proceeds
- Unit structure adds leverage via half-warrants exercisable at C$0.375 for 24 months
- Exploration funding directed to Phase II drilling at Cerro Bayo/La Flora and advancing Antonella in Peru
Negative
- Potential dilution from issuance of up to 13,043,478 new shares, plus possible additional shares on warrant exercise
- Closing risk as completion of the offering and payment of finders’ fees remain subject to TSX Venture Exchange approval
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2026) - Daura Gold Corp. (TSXV: DGC) (OTCQB: DGCOF) (the "Company" or "Daura") is pleased to announce that due to strong investor interest, the Company is upsizing its previously announced non-brokered private placement offering (the “Offering”) from up to 8,695,652 units (each a “Unit”) to up to 13,043,478 Units at a price of
Each Unit will consist of one common share of the Company and one-half-of-one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of
"We are very pleased with the level of interest in the financing and the support from both existing and new investors," said Mark Sumner, Chairman and CEO of Daura Gold. "The additional capital will further strengthen our position as we enter an active period of exploration, with Phase II drilling at Cerro Bayo and initial drilling at La Flora in Argentina, while continuing to advance Antonella toward its planned Phase I drill program in Peru. We appreciate the continued support of our existing shareholders and look forward to welcoming new investors as we execute on these upcoming catalysts."
The Company expects to utilize the proceeds of the Offering to advance its exploration activities in Argentina and Peru, including ongoing exploration and planned drilling at the Cerro Bayo and La Flora projects in Argentina, continued advancement of the Company's flagship Antonella project in Peru, and for general working capital purposes.
In connection with completion of the Offering, the Company will pay finders' fees to eligible third-parties who have introduced subscribers to the Offering. All securities issued in connection with the Offering will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. Completion of the Offering and the payment of any finders’ fees remains subject to the approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and the securities laws of any applicable state of the United States of America, or an exemption from such the registration requirements thereof is available.
ABOUT DAURA GOLD CORP.
Daura Gold Corp. is a TSX Venture Exchange-listed exploration company focused on the discovery and development of high-impact gold and silver assets in South America.
In Peru, the Company holds a
In Argentina, Daura has entered into a binding letter agreement with Latin Metals Inc. to earn up to an
ON BEHALF OF THE BOARD
Mark Sumner
Chairman & CEO
For further information please contact:
Kaitlin Taylor, Investor Relations
investors@dauragold.com
William T.P. Tsang, CFO and Secretary
(604) 669-0660
btsang@seabordservices.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Daura cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Daura's control. Such factors include, among other things: future prices and the supply of gold and other precious and other metals; future demand for gold and other valuable metals; inability to raise the money necessary to incur the expenditures required to retain and advance the property; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; risks of the mineral exploration industry; delays in obtaining governmental approvals; adverse weather conditions and failure to obtain necessary regulatory or shareholder approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. In addition, there is no assurance that the Offering will be completed on the terms announced or at all. Accordingly, readers should not place undue reliance on forward-looking statements. Daura disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315596
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the detailed terms of the units and warrants in Daura Gold’s upsized private placement?
Each unit consists of one common share and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of C$0.375 for a period of twenty-four months following the closing of the offering.
How does Daura Gold intend to use the proceeds from this private placement?
The company expects to use the proceeds to advance exploration activities in Argentina and Peru. This includes ongoing exploration and planned drilling at the Cerro Bayo and La Flora projects in Argentina, continued advancement of the flagship Antonella project in Peru toward a planned Phase I drill program, and general working capital purposes.
Are there any resale restrictions on the securities issued in this financing?
All securities issued in connection with the offering will be subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws.
Will any intermediaries receive compensation for participating in this offering?
In connection with completion of the offering, Daura Gold will pay finders’ fees to eligible third parties that have introduced subscribers to the offering, subject to TSX Venture Exchange approval.
Can investors in the United States participate in this private placement?
The securities have not been and will not be registered under the U.S. Securities Act of 1933 or any state securities laws. They may not be offered or sold within the United States or to U.S. persons unless registered or an exemption from registration is available. The news release states it does not constitute an offer or solicitation in the United States.
What exploration assets does Daura Gold currently control or have options on in South America?
In Peru, the company holds a 100% undivided interest in over 18,000 hectares of mineral concessions in the Ancash region, including the 10,600-hectare Antonella-Libelulas project, which is the primary focus of ongoing exploration. In Argentina, Daura has a binding letter agreement with Latin Metals to earn up to an 80% interest in the Cerro Bayo / La Flora projects in the Deseado Massif, where it completed its first drill program in Q2 2026 and plans to begin Phase II drilling in October 2026.