VANCOUVER, Nov. 8, 2013 /CNW/ - Auryn Resources Inc. (TSXV: AUG) ("Auryn" or the "Company"), is pleased to announce that it has successfully closed a non-brokered private placement for $2,196,500, previously announced on September 26, 2013. The placement consisted of 4,393,000 common shares of the Company at a price of CAD $0.50 per share (the "Offering"). The shares sold under the Offering are subject to a four-month hold period in Canada.
The Company paid a commission on certain placements within the Offering totaling $16,800. The net proceeds of the Offering will be used by the Company to pursue mineral property acquisitions in Eurasia.
On Behalf of the Board
Shawn Wallace President, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Auryn Resources Inc.
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President, CEO and Director