Auryn Resources Inc. (TSX:AUG) announced a non-brokered private placement of 6,300,000 shares at a price of CAD 1.60 per share for the gross proceeds of CAD 10,080,000 on January 21, 2020. The transaction will include participation from certain insiders, accredited investors in Canada and overseas. The securities issued are subject to a hold period of four months from the date of closing, and will not be offered or registered in the United States. The company will pay referral fees on a portion of the proceeds to eligible persons where permitted by applicable law. The closing of the transaction is anticipated to occur on or before January 31, 2020 and is subject to customary closing conditions including, approval of the New York Stock Exchange and Toronto Stock Exchange.