Amendments to the proprty agreement Dragon Mining.
Aurion Resources, Dragon purchase agreement amended
2021-11-23 18:29 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to an amending agreement effective Oct. 28, 2021, in regard to a purchase agreement dated May 23, 2014, as amended by amending agreements dated March 3, 2015, and May 13, 2020, between Aurion Resources Ltd. and Dragon Mining Oy, a subsidiary of Dragon Mining Ltd.
The amending agreement amends certain provisions of the purchase agreement to remove the encumbrances from the Silaskaira tenement, which is the subject tenement. The material encumbrances consist of a 3-per-cent net smelter return (NSR) royalty from Dragon and the obligation to make certain contingent cash bonus payments. In consideration of the amendments, the company will issue 130,000 common shares to Dragon at the closing, which is no more than five business days following the acceptance of the amendment agreement by the TSX Venture Exchange.
For more information, refer to the company's news releases dated May 26, 2014, and Nov. 8, 2021.
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