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Auris Minerals: Acquires Sams Creek Gold Project in New Zealand

October 1, 2020

Auris Minerals (AUR) has signed a deal with Sandfire Resources to wholly acquire its stake in the Sams Creek Gold Project in New Zealand
As consideration, Auris will issue an initial 102.5 million fully paid ordinary shares to Sandfire at a deemed price of eight cents each
A further 32.150,000 Auris options will issued, exercisable at a price of eight cents until November 30, 2020
Mike Hendriks, Chief Operating Officer of Auris Minerals, said it is a transformational acquisition for the company
The project considered one of the largest undeveloped gold assets in the country, with a mineral resource estimate of one million ounces of gold
Auris Minerals (AUR) suspended on September 23 and last traded at a price of 12 cents per share