AURION RESOURCES LTD. ("AU")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: November 4, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the First Amendment to Logan Pass Property Option Agreement dated October 12, 2013 between the Company and Genesis Gold Corp. ("Genesis"). The Company entered into a 15-year Mineral Lease and Option to Purchase Agreement dated October 12, 2010 in consideration of US$25,000 per year, increasing to a maximum of US$125,000 per year beginning in year 7. Pursuant to the amendment, the US$65,000 payment for 2013 is reduced to US$40,000, the US$80,000 payment for 2014 is reduced to US$40,000 and the US$125,000 payment for 2015 is reduced to US$65,000, subject to adjustment of such payment at the rate of inflation (Consumer Price Index). In consideration of the lease payment reductions, the Company will issue 200,000 common shares to Genesis.
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