On March 2, 2017 Aurania Resources Ltd. (“Aurania”) announced that it had entered into a definitive purchase and sale agreement to acquire EcuaSolidus S.A. (“ESA”), a company incorporated under the laws of the Republic of Ecuador from Dr. Keith Barron, the President and CEO of Aurania (the “Transaction”). As a condition of closing of the Transaction, Aurania will complete a financing to raise aggregate gross proceeds of no less than $6,000,000 at a price of no less than $1.00 per share, with an overallotment option of up to an additional 15%.

Aurania Resources Ltd. is a mineral exploration company engaged in the business of acquiring and exploring mineral resource properties. It is currently exploring for gold, copper, silver and uranium on its three mineral properties, namely the Mont Chemin, Marécottes and Siviez projects, which cover approximately 99 km2 in south-western Switzerland. Proceeds from the Financing will be specifically allocated to the Transaction for property exploration, loan repayments, and working capital.

Peterson McVicar acted for Aurania Resources Ltd. with a team that included Dennis Peterson and Michal Malecki.