Aurion Resources (TSX-V:AU) today confirmed it has given notice to buy-back royalties related to the Kutuvuoma and Silasselkä properties, as previously announced, by paying Dragon Mining (ASX:DRA) €5 million in cash plus €1 million of Aurion stock.
The transaction will eliminate all remaining encumbrances on both including a 3% Net Smelter Return (NSR) Royalty on each.
The transaction is expected to close on 8 September.