Canadian Stocks That Surged Highest Today: $AUG $VHI $SGMA

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Auryn Resources is bullish with strong balance sheet

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Auryn Resources Inc. (TSE:AUG) was amongst top gainers in yesterday's trading session gaining 7.69%.
Auryn Resources has signed private placement financing agreement with a syndicate of underwriters led by Beacon Securities Limited and Canaccord Genuity Corp. The deal involve the purchase of an aggregate of 7,500,000 subscription receipts. The company aims to raise C$22,500,000 in proceeds. Auryn will exchange its common shares with the Subscription Receipts

Vitalhub is risk-free as it announces a private offering

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Vitalhub Corp. (TSE:VHI) was amongst top gainers in yesterday's trading session gaining 6.96%.
VitalHub has announced that it has signed an agreement to buy all UK Company Transforming Systems Ltd issued and outstanding shares.In te deal, VitalHub is expected to pay around �6,000,000 which is made up of a cash payment of �3,300,000 and �2,700,000 issuance of common shares of VitalHub.

The shares will be part of number of Common Shares equal to �2,700,000 multiplied by 1.7331. VitalHub will have an option of paying 50% of the Share Component in cash.

Sigma Lithium Resources is positive as it announces private offering

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Sigma Lithium Resources Corp. (TSE:SGMA) was amongst top gainers in yesterday's trading session gaining 5.96%.
Sigma Lithium Resources has announced issuing 8,285,700 common shares priced at C$2.15 per Common Share. The company expects to generate around $13.3 million in proceeds. The company intends to use the proceeds for engineering, procurement and construction as well as funding its corporate purposes. The money raised from the offering will also fully satisfy for equity requirement for the US$45 million project that the company announced recently. The company is negotiating a financing facility with Societe Generale.

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