Augyva Mining Resources Inc. (TSXV:AUV) announced a brokered private placement of 93,750,000 subscription receipts at a price of CAD 0.16 per receipt for maximum gross proceeds of CAD 15,000,000 on January 9, 2017. The company intends to receive minimum gross proceeds of CAD 12,000,000. Each subscription receipt will be automatically exercisable into one common share of the company upon the satisfaction of certain escrow release conditions. The transaction is subject to conditional approval from TSX Venture Exchange.