Aurora finances work in Ontario

Aurora Platinum (ARP-V) has topped its treasury with a $1-million brokered financing by Haywood Securities.

The Vancouver-based junior is exploring for nickel-copper-platinum group metal deposits in Ontario and Quebec. The company has joint ventures with Falconbridge (FL-T) in the Sudbury district and with Inco (N-T) covering a large area of northern Ontario. Aurora is also exploring its wholly owned Lansdowne and Fish Trap Lake properties in northwestern Ontario, and the 70%-optioned Midrim-Belleterre project in Quebec.

The private placement consisted of 335,000 flow-through units priced at $3 apiece. Each unit comprises one flow-through share and half a warrant. A whole warrant entitles the holder to buy an additional flow-through share at $4 for 12 months.