Auric Mining – Underwriter Agreement for options shortfall of up to $675,000

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce an update on the 17,729,135 Options, consisting of quoted and unquoted options, exercisable at $0.15 into fully paid ordinary shares in the Company, each which expire on 31 March 2024.

On Wednesday 27 March 2024, the Company executed an options shortfall underwriting agreement (Underwriting Agreement) with K S Capital Pty Ltd (ACN 124 761 557 and AFSL 316880) of 1 Bligh Street, Sydney, NSW (Underwriter) to act as the Underwriter on an exclusive basis. The Underwriter has executed agreements with Canary Capital Pty Ltd (ACN 618 657 640 and AFSL 456663) of 3 Spring Street, Sydney, NSW, and other parties (Sub Underwriters) to act as Sub Underwriters. The Underwriter will lead, manage, and underwrite the subscription and sale of the shortfall options, up to a maximum of 4,500,000 options (Underwritten Amount) at $0.15 to raise up to a maximum of $675,000.