08:11 AM EDT, 09/19/2025 (MT Newswires) -- Aurion Resources ( AIRRF ) said Friday that it completed its previously announced private placement of units with Kinross Gold ( KGCRF ) , resulting in Kinross maintaining its ownership position of 9.99% on a partially diluted basis.

Under the terms, Aurion issued 885,000 units at $0.84 each for $743,400 in proceeds.

Each unit comprises one share and one-half of a warrant. Each full warrant can be exercised at $1.08 per share for three years. The offering closed Sept. 3.

Aurion plans to use the funds to advance its flagship Risti project in Finland, as well as for general working capital purposes.

Adrian's share price closed 1.9% lower to $1.01 on the TSXV Thursday.