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Rupert Resources Confirms Transaction Discussions With B2Gold Relating to Purchase of 70% Interest in Joint Venture Between B2Gold and Aurion Resources
TORONTO / Mar 11, 2024 / Business Wire / In response to the announcement today by Aurion Resources Inc. (“Aurion”), Rupert Resources Ltd. (TSX: RUP) (the “Compa
About this update from Rupert Resources Ltd.
[{"type":"text","content":"TORONTO / Mar 11, 2024 / Business Wire / In response to the announcement today by Aurion Resources Inc. (“Aurion”), Rupert Resources Ltd. (TSX: RUP) (the “Company”) today confirmed that it is in preliminary discussions with B2Gold Corporation (“B2Gold”) regarding the potential purchase of B2Gold’s 70% interest in a joint venture between B2Gold and Aurion that has rights in respect of properties located near the Company’s flagship Ikkari project in northern Finland (the “Possible Transaction”). No definitive agreement has been entered into at this time, and there can be no assurance that any such agreement will be reached, that any such agreement will ultimately result in a completed transaction or that any of the expected objectives or outcomes will be realized. The Company intends to provide further updates as circumstances warrant and in accordance with applicable securities laws. About Rupert Resources Rupert Resources is a gold exploration and development company listed on the Toronto Stock Exchange under the symbol “RUP”. The Company is focused on making and advancing discoveries of scale and quality with high margin and low environmental impact potential. The Company’s principal focus is Ikkari, a new high quality gold discovery in Northern Finland. Ikkari is part of the Company’s “Rupert Lapland Project,” which also includes the Pahtavaara gold mine, mill, and exploration permits. Cautionary Note Regarding Forward-Looking Statements This press release contains statements which, other than statements of historical fact constitute “forward-looking statements” within the meaning of applicable securities laws, including statements with respect to: results of exploration activities and mineral resources or relating to ongoing negotiations. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the f...