
Aurion Resources Ltd. (TSX-V: AU) (OTCQX: AIRRF) announces that, further to its news releases dated May 31, 2023, July 10, 2023, and July 31, 2023, it has given Dragon Mining Ltd. notice of its intent to exercise the option to acquire and eliminate all encumbrances on the Kutuvuoma and Silasselkä properties for a total consideration of €5,000,000.
Summary of the terms:
The Notice stated that Aurion will, on the date that it exercises the Option pay Dragon €5,000,000, as follows:
Upon exercising the Option, Aurion will acquire and eliminate all remaining encumbrances on the Kutuvuoma and Silasselkä properties, including a 3% Net Smelter Return (NSR) Royalty on both properties.
Aurion anticipates that Closing will occur on September 8, 2023, and will make an announcement following Closing.
About Aurion Resources Ltd.
Aurion 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.
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