Auryn Resources Inc. (TSX:AUG) announced private placement of 9,542,402 common shares for gross proceeds of CAD 41,158,911.46 on January 9, 2017. The company has entered into agreement with new investor Goldcorp Inc. (TSX:G) for purchase of 4,951,584 common shares at a price of CAD 3.67 per share for gross proceeds of CAD 18,172,313.28 to be purchased directly by the investor. The investor will purchase 4,590,818 flow-through shares at a price of CAD 5.01 per share for gross proceeds of CAD 22,999,998.19 through brokered private placement issued to its third party investors. The transaction will take place via two tranches. The company will pay expenses of CAD 6,138,296.12 in the transaction. Pursuant to the transaction, Goldcorp Inc. (TSX:G) will directly and indirectly hold 12.5% stake in the company. The securities issued are subject to a hold period of four months from the date of issuance. The transaction is subject to TSX Venture Exchange approval. The transaction is expected to close during January 2017.