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Aurion Resources Announces B2Gold Option Exercise on Kutuvuoma & Ahvenjarvi

Mining News - Published on Fri, 23 Aug 2019

Image Source: Business Insider
Aurion Resources Ltd announced that, as of August 13th, 2019, B2Gold Corp has exercised its option to acquire a 51% interest in the Finland JV covering approximately 25,000 hectares, which include the Kutuvuoma and Ahvenjarvi projects. Since inception of the agreement, dated January 13, 2016, B2Gold completed over CAD 5 million in exploration expenditures, paid Aurion CAD 50,000 in cash and issued 550,000 B2Gold shares over 5 year period.

B2Gold has the option to earn an additional 19% interest by spending a further CAD 10 million over two years, and, if exercised, an additional 5% interest by completing a feasibility study, for a total of 75%.

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Posted By : Sanju Moirangthem on Fri, 23 Aug 2019
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