Aurico Metal Inc. (AMI)

[NYBob]

AuRico Announces C$10 Million Bought Deal Equity Financing -

http://www.auricometals.ca/investor-information/recent-press-releases/press-release-details/2016/AuRico-Metals-Announces-C10-Million-Bought-Deal-Equity-Financing/default.aspx

AuRico Metals Announces C$10 Million Bought Deal Equity Financing

August 02, 2016

Toronto: August 2, 2016: AuRico Metals Inc. (TSX: AMI),
(“AuRico” or the “Company”) is pleased to announce that it has entered
into an agreement with a syndicate of underwriters (the “Underwriters”)
co-led by National Bank Financial Inc. and Macquarie Capital Markets
Canada Ltd. under which the Underwriters have agreed to buy, on a
bought deal basis, 10,000,000 common shares (“Common Shares”) of the
Company at a price of C$1.00 per Common Share for aggregate gross
proceeds of approximately $10,000,000 Canadian dollars (the “Offering”).

The Company has granted the Underwriters an over-allotment option to purchase an additional 15% of the Common Shares, exercisable at the issue price of the Common Shares at any time until 30 days following the closing of the Offering.

The net proceeds from the Offering will be used to fund the potential
acquisition of additional royalties, the advancement of permitting
activities and detailed engineering at the Kemess Underground project,
as well as for working capital and general corporate purposes.

The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Quebec, pursuant to National Instrument 44-101 Short Form Prospectus Distributions.

The Offering is anticipated to close (the “Closing”) on or about August 22, 2016 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange (“TSX”).

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About AuRico Metals

AuRico Metals is a mining royalty and development company whose producing gold royalty assets include a 1.5% NSR royalty on the Young-Davidson Gold Mine, a 0.25% NSR royalty on the Williams Mine at Hemlo, and a 0.5% NSR royalty on the Eagle River Mine – all located in Ontario, Canada. AuRico Metals also has a 2% NSR royalty on the Fosterville Mine and a 1% NSR royalty on the Stawell Mine, located in Victoria, Australia. Aside from its diversified royalty portfolio, AuRico owns (100%) the advanced Kemess Gold-Copper Project in British Columbia, Canada. AuRico Metals’ head office is located in Toronto, Ontario, Canada.

For further information please contact:

Chris Richter
President and Chief Executive Officer
AuRico Metals Inc.
416-216-2780
[e-mail]

David Flahr
Vice President, Finance
AuRico Metals Inc.
416-216-2780
[e-mail]

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- God Bless -