On October 5th, the shareholders of Auryn Resources and Eastmain Resources overwhelming (over 99%) approved Auryn’s proposed acquiring of Eastmain which will result in the formation of Fury Gold Mines. As part of this transaction Auryn will spin out its Peruvian assets into two SpinCo’s: Tier One Metals and Sombrero Resources. Executive Chairman Ivan Bebek returns to the show to discuss the newest developments and share the strategy to produce cascading share price momentum across the three resultant companies: Fury Gold Mines, Tier One Metals and Sombrero Resources.
Ivan explains that if shares of Auryn Resources are owned before the October 8th record date that current shareholders will receive .7 shares of the resultant Fury Gold Mines, 1 share of the Sombrero Resources SpinCo and also 1 share of the Tier One Metals SpinCo. Each of these three companies, Ivan believes, will have the potential individually to become 10 to 20-baggers.
Ticker: AUG www.AurynResources.com Sign up for Auryn’s email list: https://aurynresources.com/subscribe/
https://furygoldmines.com/ Ticker: FURY (beginning Oct 12th)
Auryn to acquire Eastmain news release: https://www.miningstockeducation.com/2020/07/auryn-to-acquire-eastmain-resources-and-spin-out-peruvian-assets/ Auryn and Eastmain shareholders approve deal: https://www.miningstockeducation.com/2020/10/auryn-and-eastmain-securityholders-overwhelmingly-approve-the-auryn-reorganization-and-eastmain-acquisition/
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