ST. JOHN'S,
NL, May
31, 2023 /CNW/ - Aurion Resources Ltd.
(TSXV: AU) (OTCQX: AIRRF) ("Aurion" or the
"Company") announces that it has entered into an option
agreement with Dragon Mining Ltd. ("Dragon") to acquire and
eliminate all encumbrances on the Kutuvuoma and Silasselkä
projects, originating from the purchase agreement dated
May 23, 2014, for a total
consideration of €5,000,000 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% Net
Smelter Return ("NSR") Royalty, for a total consideration of
€5,000,000 payable in cash, or shares, or a combination of both, at
Aurion's discretion, until September 30,
2023.
The option agreement is subject to acceptance by
the TSX Venture Exchange.
About Aurion Resources Ltd.
Aurion
Resources Ltd. (Aurion) is a well-funded, Canadian exploration
company listed on the TSX Venture Exchange (TSX-V: AU) and the
OTCQX Best Market (OTCQX: AIRRF). 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.
On behalf of the Board of Directors,
Matti Talikka, CEO
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Aurion Resources Ltd.