Auralite Provides Operational Update
23 May 2020 - 6:27AM
Auralite Investments Inc. (TSX Venture: AAAA) (the "Company" or
"Auralite"), is pleased to provide the following update in regards
to recent activity.
Recent Transactions
Auralite has closed a $1,000,000 investment into
Gold Lion Resources Inc. (“Gold Lion”). Pursuant to the investment,
Auralite has acquired an aggregate of 2,000,000 common shares of
Gold Lion ("Gold Lion Shares") and 2,000,000 common share purchase
warrants exercisable for an additional 2,000,000 Gold Lion Shares
at a price of $0.75 for a period of 24 months from issuance.
Auralite has disposed of its interest in
Singapore-based EVVO Labs Pte. Ltd. back to EVVO, in consideration
for a $250,000 (Singapore dollars) secured promissory note (the
“Secured Note”). The Secured Note is due one year from
issuance and is secured pursuant to a pledge agreement in regards
to the shares being sold back to EVVO.
Gold Lion is a British Columbia based gold
exploration company listed on the Canada Securities Exchange
(symbol CSE: GL). Gold Lion holds property interests in
British Columbia and Idaho, with its primary properties being the
“Robert Gulch”, “Erickson Ridge” and “South Orogrande” properties
in Idaho.
ABOUT AURALITE
Auralite is an investment issuer with interests
in, South Korea-based Fourth-Link Inc., Canadian-based Champignon
Brands, educational technology developer Akiva Systems Inc., and
CSE listed gold exploration company Gold Lion Resources Inc.
ON BEHALF OF AURALITE INVESTMENTS INC.
BOARD OF DIRECTORS
“Robert Meister”
For more information contact:(604) 351-6647
Or Email:
rob@auraliteinvestments.comhttp://www.auraliteinvestments.com/
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 news release.
This news release contains forward-looking
statements including statements regarding any of the Auralite
holdings or investments, as well other statements that are not
historical facts. Readers are cautioned not to place undue reliance
on forward-looking statements, as there can be no assurance that
the plans, intentions or expectations upon which they are based
will occur. By their nature, forward-looking statements involve
numerous assumptions, known and unknown risks and uncertainties,
both general and specific, that contribute to the possibility that
the predictions, forecasts, projections and other forward-looking
statements will not occur, which may cause actual performance and
results in future periods to differ materially from any estimates
or projections of future performance or results expressed or
implied by such forward-looking statements. These assumptions,
risks and uncertainties include, among other things, the state of
the economy in general and capital markets in particular, investor
interest in the business and future prospects of the Company.
The forward-looking statements contained in this
news release are made as of the date of this news release. Except
as required by law, the Company disclaims any intention and assumes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable securities law. Additionally, the
Company undertakes no obligation to comment on the expectations of,
or statements made, by third parties in respect of the matters
discussed above.
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