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Auryn Resources: Update on Upcoming Proposed Project Spin Outs

20:59 MIN 4.177

Interview with Executive Chairman Ivan Bebek.

Auryn and Eastmain Resources announced that they have entered into a definitive agreement pursuant to which Auryn will acquire all of the issued and outstanding shares of Eastmain, immediately following a spin out of Auryn’s Peruvian projects to Auryn shareholders and completion of a concurrent financing. The Transaction will create Fury Gold Mines and two independent spin-out entities which will hold Auryn’s Peruvian projects.

The shareholder vote on the proposed changes will be at October 9th 2020.