Folks, learning to read a press release is so important!!AUG now worth $6.00! In a prior podcast Ivan suggested that the two Peru assets would open near $2.00 each, and now Fury has been pegged at $2.- $2.35!
so math looks like $2.00 + $2.00 + $2.00 = $6.00 +/- and then ....which means when the VOTE takes place and its a done deal.....Fury has $22M cash and two assets worth $1B ( Homestake $110M USA and Eau Claire $750M ...go figure !!!! Whats Committee Bay worth?
J 103 I think there is a book out there called " How to Read a Press Release for Dummies"!
"The Subscription Receipts will be exchanged for common shares of Auryn concurrently with completion of the recently announced transaction whereby Auryn will acquire Eastmain ("Eastmain Transaction") after spinning-out Auryn's Peruvian operations to Auryn shareholders. The Eastmain Transaction will create Fury Gold Mines Limited ("Fury Gold"), a leading developer of Canadian gold projects. It will also result in two additional new independent companies holding Auryn's Peruvian projects. The sale of Subscription Receipts will fulfill a principal condition of the Eastmain Transaction. "