Exhibit 99.1
FORM 51–102F3
MATERIAL CHANGE REPORT
UNDER NATIONAL INSTRUMENT 51-102
Item 1
Name and Address of Company
Auryn Resources Inc. (the “Company”)
1199 West Hastings Street, Suite 600
Vancouver, British Columbia, Canada, V6E 3T5
Item 2
Date of Material Change
March 27, 2019
A news release was issued by the Company through newswire services on March 27, 2019.
Item 4
Summary of Material Change
The Company completed a previously announced non-brokered private placement for gross proceeds of CAD$5,255,000.00 by issuing 3,284,375 common shares of the Company at a price of CAD$1.60 per common share.
Item 5
Full Description of Material Change
5.1
Full Description of Material Change
On March 27, 2019 the Company increased and closed its previously announced non-brokered private placement for CAD$3,500,000.00 to gross proceeds of CAD$5,255,000.00. The placement consisted of 3,284,375 common shares (the “Shares”) priced at CAD$1.60 per Share (the “Offering”) and included total insider participation of 596,875 Shares.
The Company intends to use the net proceeds from the Offering to fund continued surface exploration at its Sombrero copper-gold project located in Ayacucho, Peru and for general working capital.
The Shares issued under the Offering are subject to a four-month hold period and are not registered in the United States. A total of CAD$110,000.00 was paid in commissions for the Offering.
5.2
Disclosure for Restructuring Transactions
Not applicable.
Item 6
Reliance on subsection 7.1(2) of National Instrument 51–102
Not applicable.
Item 7
Omitted Information
Not applicable.
Shawn Wallace
President and Chief Executive Officer
Telephone: (778) 729 - 0600
April 3, 2019.
