Auric optionor Jadeite acquires 1.93 million units

Executive Summary

• Jadeite Capital Corp. filed an early warning report disclosing its acquisition of an additional 1,937,500 common shares and 1,937,500 warrants of Auric Resources Corp., increasing its total holdings to 3,875,000 each.
• Post‑acquisition ownership rises to approximately 14.68 % of Auric’s outstanding common shares on an undiluted basis (≈25.60 % partially diluted).
• The acquisition is for investment purposes; Jadeite may buy or sell additional securities in the future depending on market conditions and strategic considerations.

Key Details

• Acquisition Size: 1,937,500 common shares + 1,937,500 warrants (aggregate of 3,875,000 each after completion).
• Ownership Impact – Undiluted: Increases from ~7.34 % to ~14.68 % of Auric’s issued and outstanding common shares.
• Ownership Impact – Partially Diluted: Increases from ~13.68 % to ~25.60 % of Auric’s issued and outstanding common shares.
• Option Agreement Dates: Original option dated Nov. 23, 2022; amendment on May 19, 2023.
• Purpose: Investment‑oriented holding with a long‑term view; Jadeite may acquire additional securities or dispose of existing holdings in the future based on market conditions and strategic plans.
• Reporting: Early warning report filed on SEDAR+; contact info provided ([email protected], 416‑303‑6460) for further details.

Notable Quotes

(No direct quotes were included in the release.)