The Prospector News

Aurion Announces B2Gold’s Agreement to Contribute to NSR Royalty Buyback

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Aurion Announces B2Gold’s Agreement to Contribute to NSR Royalty Buyback

 

 

 

 

 

Aurion Resources Ltd. (TSX-V: AU) (OTCQX: AIRRF) announces that it has entered into an agreement with B2Gold Corp. whereby B2Gold has agreed to contribute €3,500,000 for the repurchase of the 3% net smelter return royalty covering the Kutuvuoma project, which is part of the joint venture between B2Gold (holding a 70% interest) and Aurion (holding a 30% interest).

 

As previously announced in news releases dated May 31, 2023 and July 10, 2023, Aurion entered into an option agreement dated May 29, 2023, with Dragon Mining Ltd. which provided Aurion with the option to acquire and eliminate all encumbrances on the Kutuvuoma and Silasselkä projects, including the Kutuvuoma Royalty and a 3% net smelter return royalty covering the Silasselkä project, for total consideration of €5,000,000 and 37,500 common shares of Aurion.

 

B2Gold has agreed to contribute €3,500,000 in cash to fund the exercise of the Option. As a result, Aurion’s contribution to the Option exercise will be €1,500,000 in cash, Shares or a combination of both (provided that any issuance of Shares will not exceed the number of Shares that would result in Dragon owning, or having control or direction over 9.9% of the then-issued Shares), at the Company’s discretion on or any time before September 30, 2023.

 

About Aurion Resources Ltd.

 

Aurion Resources Ltd. is a well-funded, 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 metals exploration opportunities and advance them through direct exploration by our 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.

 

Posted July 31, 2023

Share this news article

MORE or "UNCATEGORIZED"


Koryx Copper Intersects 338.61 Meters At 0.38% Cu Eq Including 230.61 Meters At 0.45% Cu Eq and Multiple 2 Meters Intersections Over 1.00% Cu Eq

Significant copper and molybdenum intersections include: HM09: 13... READ MORE

May 15, 2024

Aya Gold & Silver Reports Q1-2024 Results; Maintains Guidance; Zgounder Expansion on Track

Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased t... READ MORE

May 15, 2024

Silver Mountain Delivers Positive Preliminary Economic Assessment For Its Reliquias Project, Peru; Pre-Tax NPV 5% Of C$107 million, Pre-Tax IRR Of 57%, And Payback Of 1.8 Years

Key Highlights – Preliminary Economic Assessment Pre-Tax Net Pr... READ MORE

May 15, 2024

ARIS MINING REPORTS Q1 2024 RESULTS WITH SEGOVIA GENERATING $13.8 MILLION IN OPERATING CASH FLOW

Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces its ... READ MORE

May 15, 2024

Orla Mining Reports First Quarter 2024 Results

Orla Mining Ltd. (TSX: OLA) (NYSE: ORLA) announces the results fo... READ MORE

May 15, 2024

Copyright 2024 The Prospector News