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/C O R R E C T I O N from Source -- Aurion Resources Ltd./

/C O R R E C T I O N from Source -- Aurion Resources Ltd./ Canada NewsWire ST. J...

articleAurion Resources Ltd.April 24, 20194/company/aurion-resources-ltd/news/c-o-r-r-e-c-t-i-o-n-from-source-aurion-resources-ltd-1
/C O R R E C T I O N from Source -- Aurion Resources Ltd./

About this update from Aurion Resources Ltd.

[{"type":"text","content":"\n\n\n\n\n/C O R R E C T I O N from Source -- Aurion Resources Ltd./\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nST. JOHN'S, April 24, 2019\n\n\n\nIn the news release, Aurion Options Silasselkä Vanadium Project to Strategic Resources Inc., issued April 24, 2019 by Aurion Resources Ltd. over CNW, we are advised by the company that the seventh paragraph, first sentence, should read \"A third party holds a 3.0% net smelter returns royalty (the \"Royalty\") on Silasselkä\" rather than \"A third party holds a 3.0% net smelter returns royalty (the \"Royalty\") on Aurion's Finnish properties, including Silasselkä\" as originally issued inadvertently. The complete, corrected release follows:\n\nAurion Options Silasselkä Vanadium Project to Strategic Resources Inc.\n\n\nTSX-V: AU\n \nST. JOHN'S, April 24, 2019 /CNW/ - Aurion Resources Ltd. (TSXV: AU) (\"Aurion\" or the \"Company\") reports it has signed an earn-in option and JV agreement with Strategic Resources Inc. (TSXV: STI) (\"Strategic\") in respect of the Company's wholly owned non-core Silasselkä Vanadium Project located in northern Finland.    \nAurion will grant Strategic the irrevocable and exclusive option to acquire up to a 100% interest in the Silasselkä Project by paying C$500,000 cash, issuing 8,000,000 Strategic shares and incurring C$3,000,000 in exploration expenditures, through a two stage earn-in agreement over 3 years.\nFirst Earn-In Terms for 75% Project Stake:\nIssue 3,000,000 shares and pay C$500,000 upon closing; Issue an additional 1,916,667 shares, and have spent C$1,000,000 of exploration expenditures before 12 months following the closing date; and Issue an additional 1,916,667 shares and have spent an additional C$1,000,000 of exploration expenditures before 24 months following the closing date.Second Earn-In Terms for 25% Project Stake:\nIssue 1,166,666 shares and have spent an additional C$1,000,000 of exploration expenditures before 36 months following the Closing Date.In the event S...

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