Aura Silver Resources Inc. (TSX VENTURE:AUU) reported that the company intends to raise up to a maximum of $1,000,000 by way of a non-brokered private placement of units.
The press release is quoted as saying:
Aura Silver intends to use the proceeds of this offering to fund further drilling and exploration programs at the Company’s Taviche property in Oaxaca, Mexico held under option with Intrepid Mines from Pan American Silver Corporation and for working capital and general corporate requirements.
