Auric Minerals Corp. Announces Issuance of Shares Pursuant to Acquisition of Uranium Assets in Quebec

Executive Summary

• Auric Minerals Corp. issued 226,244 common shares at a deemed price of $0.442 per share to fulfill a $100,000 payment obligation under its January 29 2025 option agreement.
• The issuance secures the Company’s right to acquire 100% interests in three prospective uranium properties (Caboose, Kawip, and Manic) in Quebec, Canada, with total consideration of $300,000 payable in cash and/or shares over two years.
• Shares issued are subject to a four‑month exchange hold period, with an additional voluntary six‑month hold on 50% of the shares.

Key Details

• Shares Issued: 226,244 common shares at a deemed price of $0.442 per share (based on 10‑day VWAP).
• Payment Obligation Satisfied: $100,000 to the Optionor under the option agreement dated January 29 2025.
• Acquisition Consideration for Uranium Properties: Total $300,000 payable as follows:
• $50,000 cash paid within ten days of the Effective Date (already paid).
• $25,000 cash or equivalent shares (VWAP) due on or before the first anniversary of the Effective Date.
• $75,000 cash or equivalent shares (VWAP) due on or before the first anniversary of the Effective Date.
• Additional $150,000 cash or equivalent shares (VWAP) due on or before the second anniversary of the Effective Date.
• Hold Periods:
• All issued shares subject to a mandatory four‑month exchange hold period per CSE policies.
• 50% of the issued shares also subject to an additional voluntary six‑month hold from issuance date.
• Target Assets: 100% interest in three prospective uranium properties—Caboose, Kawip, and Manic—in accessible regions of Quebec, Canada.

Notable Quotes

(No direct quotes were provided in the release.)