ST.
JOHN'S, NL, Oct. 7, 2022
/CNW/ - Aurion Resources Ltd. (TSX VENTURE: AU) (OTCQX:
AIRRF) ("Aurion" or the "Company") announces that it
has closed the royalty repurchase agreement with Tertiary Gold
Limited ("Tertiary"), the wholly-owned subsidiary of Tertiary
Minerals Plc on the Kaaresselkä (Risti, 100% Aurion) and Kiekerömaa
(B2Gold JV) gold prospects, as previously announced on August 8, 2022.
On closing of the agreements, Aurion issued 83,333 common shares
(the "Consideration Shares") and paid CAD$75,000 in cash to Tertiary with respect to
the Kaaresselkä Property, and the B2Gold JV paid $125,000 cash with respect to the Kiekerömaa
Property. The Consideration Shares will be subject to a statutory
four month and one day hold period from August 24, 2022, the date of issue of the
Consideration Shares.
About Aurion Resources Ltd.
Aurion Resources Ltd.
(Aurion) is a well-funded, Canadian exploration company listed on
the TSX Venture Exchange (TSX-V: AU) and the OTCQX Best Market
(OTCQX: AIRRF). Aurion's strategy is to generate or acquire
early-stage precious metals exploration opportunities and advance
them through direct exploration by our experienced team or by
business partnerships and joint venture arrangements. Aurion's
current focus is exploring on its Flagship Risti and Launi
projects, as well as advancing its joint venture properties with
B2Gold and Kinross in Finland.
On behalf of the Board of Directors,
Matti Talikka, CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Aurion Resources Ltd.
