08:42:44 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Aurion Resources Ltd
Symbol AU
Shares Issued 119,097,318
Close 2023-05-30 C$ 0.60
Market Cap C$ 71,458,391
Recent Sedar Documents

Aurion Resources options Kutuvuoma, Silasselka

2023-05-31 10:00 ET - News Release

Mr. Matti Talikka reports

AURION ENTERS INTO OPTION AGREEMENT TO REPURCHASE ROYALTIES ON MAJOR PROPERTIES

Aurion Resources Ltd. has entered into an option agreement with Dragon Mining Ltd. to acquire and eliminate all encumbrances on the Kutuvuoma and Silasselka projects, originating from the purchase agreement dated May 23, 2014, for a total consideration of five million euros and 37,500 Aurion common shares.

Summary of the terms

Aurion, in consideration of an initial payment of 37,500 common shares to Dragon, has the exclusive right to acquire and eliminate all remaining encumbrances, including a 3-per-cent net smelter return (NSR) royalty, for a total consideration of five milion euros, payable in cash or shares, or a combination of both, at Aurion's discretion, until Sept. 30, 2023.

The option agreement is subject to acceptance by the TSX Venture Exchange.

About Aurion Resources Ltd.

Aurion Resources is a well-financed Canadian exploration company listed on the TSX Venture Exchange and the OTCQX Best Market. Aurion's strategy is to generate or acquire early-stage precious metal exploration opportunities and advance them through direct exploration by the company's experienced team or by business partnerships and joint venture arrangements. Aurion's current focus is exploring on its flagship Risti and Launi projects as well as advancing its joint venture properties with B2Gold and Kinross in Finland.

© 2024 Canjex Publishing Ltd. All rights reserved.