Auric completes 1.5-million-share issue for properties

Executive Summary

• Auric Minerals Corp. issued 1.5 million common shares at a deemed price of $0.25 per share to acquire 100% interests in the Route 500, Portage Lake and BUB properties.
• The issuance satisfies amended option agreements, waiving prior cash payment, additional share issuance, and exploration expenditure obligations.
• All issued shares are subject to a four‑month hold period under Canadian securities laws.

Key Details

• Share Issuance: 1.5 million common shares at $0.25 per share (aggregate gross consideration of $375,000).
• Purpose: To acquire full ownership (100%) of Route 500, Portage Lake, and BUB properties pursuant to amended option agreements.
• Amendment Terms: Original obligations—including future cash payments, additional share issuances, and exploration expenditures—were waived in exchange for the issuance of 500,000 shares to the optionor per property (total 1.5 million shares).
• Hold Period: Shares are subject to a four‑month hold period as required by Canadian securities regulations.

Notable Quotes

(No quotes provided in the release.)