Aurion increases Strategic shareholding to 16.05%
2021-06-14 18:41 ET - News Release
Mr. Mark Serdan reports
AURION RECEIVES SHARES OF STRATEGIC RESOURCES, INCREASING OWNERSHIP TO 16%
In accordance with the requirements of Section 3.1 of National Instrument 62-103, Aurion Resources Ltd., of 120 Torbay Rd., Suite W240, St. John's, Nfld, A1A 3G8, has received 1,916,667 common shares of Strategic Resources Inc., of 410, 625 Howe St., Vancouver, B.C., V6C 2T6, as a property option agreement payment, through the facilities of the TSX Venture Exchange. Aurion now owns or has control of 6,833,334 shares of Strategic, or approximately 16.05 per cent of the current issued and outstanding shares of Strategic.
On April 24, 2019, the company announced that it had optioned the Silasselka vanadium project located in northern Finland to Strategic (see April 24, 2019, press release). As part of this transaction, Aurion has received Strategic shares over time in consideration for the project.
Immediately prior to the transaction, Aurion held 4,916,667 shares, representing approximately 12.1 per cent of the issued and outstanding shares of Strategic. Immediately after the transaction, Aurion held 6,833,334 common shares, representing 16.05 per cent of the issued and outstanding common shares of Strategic. Aurion may dispose of existing securities of Strategic, in the market or privately, from time to time as circumstances warrant. The securities of Strategic set out above are held directly and not through control of another entity.
Strategic trades on the TSX Venture Exchange under the symbol SR.
A copy of the early warning report filed by Aurion in connection with this acquisition is available on the SEDAR website or by contacting Aurion at 778-908-2730.
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