AURION RESOURCES LTD. ("AU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 20, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Asset Purchase Agreement between the Company and Tertiary Gold Limited (an AIM listed company) whereby the Company will acquire the Kaaresselka and Kiekeromma 1 Exploration Permit located in Finland. Consideration is #15,000 plus applicable taxes and up to 400,000 common shares (as determined by dividing #85,000 by the volume weighted average price of the Issuers common shares as traded on the Exchange for five trading days preceding the date on which all conditions as set out in the agreement have been satisfied or waived and converted from Canadian dollars to Pound Sterling based on the average daily closing rates as published by the Bank of Canada for the five days subject to a floor of not less than the Discounted Market Price as of the date of the news release.)
The Company will enter into a royalty agreement with Tertiary regarding a 2% net smelter returns royalty on production and pre-production. Also the Company has the right to purchase one half of the NSR Royalty at any time prior to the commencement of commercial production for US$1,000,000 subject to further Exchange review and acceptance.
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