Aurania Resources Ltd. Appoints Tony Wood as Chief Financial Officer; Enters into a Loan Agreement with Keith Barron
The Company also announces that it has entered into a agreement with Dr. Keith Barron, the Company's Chairman and CEO, providing for a loan of up to USD 3,000,000 (the "Loan"). The Loan is unsecured, has a term of two years, bears an interest rate of 2% per annum, and is not convertible into Aurania shares. The Loan will primarily be used to foster an opportunity to advance the Company's exploration strategy that has arisen subsequent to the recently completed rights offering.