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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: maxncompany	11/22/2006 1:53:57 PM
	of 78417

Aurelian closes $75-million private placment 2006-11-22 13:33 ET - News Release Mr. Patrick Anderson reports AURELIAN RESOURCES ANNOUNCES CLOSING OF $75,000,000 FINANCING Aurelian Resources Inc. has closed its previously announced bought deal private placement financing, pursuant to which it issued a total of two million common shares at a price of $37.50 per common share for gross proceeds of $75-million. The financing was underwritten by a syndicate of Canadian dealers led by Sprott Securities Inc. and including BMO Nesbitt Burns Inc., Canaccord Capital Corp., Dundee Securities Corp., Westwind Partners Inc., Blackmont Capital Inc. and Primary Capital Inc. In connection with the financing, Aurelian paid fees to the underwriters totalling 5 per cent of the gross proceeds raised from the private placement. Aurelian also issued to the underwriters a total of 50,000 broker warrants, each entitling the holder thereof to purchase one common share of Aurelian at a price of $37.50 until Nov. 22, 2007. Aurelian intends to use the gross proceeds for further exploration and development of its Condor project and for working capital and general corporate purposes. Securities issued pursuant to the financing have a four-month hold period which expires on March 23, 2007. Completion of the financing remains subject to the final approval of the TSX Venture Exchange. We seek Safe Harbor.

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