ST.
JOHN'S NL, July 10, 2023 /CNW/ - Aurion Resources
Ltd. (TSXV: AU) (OTCQX: AIRRF) ("Aurion" or the
"Company") announces that it has amended and closed the
option agreement with Dragon Mining Ltd. ("Dragon") to acquire and
eliminate all encumbrances on the Kutuvuoma and Silasselkä
projects, as disclosed in the news release dated May 31, 2023.
Aurion has issued to Dragon 37,500 common shares of Aurion as
consideration for the grant of the option. The agreement has
been amended to provide that the number of consideration shares
that may be issued to Dragon under the agreement will not result in
Dragon owning, or having control or direction over, more than 9.9%
of the then-issued shares of Aurion. Should the payment result in
the potential for that occurring, the balance of the applicable
payment will be made in cash.
The amended option agreement has been accepted 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.