Aurelius Minerals Inc. (TSXV:AUL) announced a non-brokered private placement of up to 15,000,000 common share units at a price of CAD 0.05 per unit for proceeds of CAD 750,000 and up to 36,363,636 flow-through units at a price of CAD 0.055 per unit for gross proceeds of CAD 1,999,999.98; for an aggregate gross proceeds of CAD 2,749,999.98 on June 23, 2020. Each common share unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire a common share at a price of CAD 0.07 per share for a period of two years from the date of closing.

Each flow-through unit shall consist of one flow-through share and one-half of one common share purchase warrant, with each whole flow-through unit warrant entitling the holder thereof to acquire one common share at a price of CAD 0.08 per common share until the warrant expiry date. The company will pay commission of 7% of the gross proceeds and will issue broker units equal to 7% of the common share units and flow-through units issued in the transaction. The broker units will be issued with the same terms as those issued under the common share units, other than with respect to transferability.

The company will pay finders' fees to Dundee Goodman Merchant Partners, Sprott Capital Partners LP and Laurentian Bank Securities, Inc. Finders' fees may be payable to other brokers in connection with certain other subscriptions. All securities issued are subject to a hold period of four months. The transaction is expected to close on or about July 14, 2020 and is subject to receipt of applicable regulatory approvals including the approval of the TSX Venture Exchange.