Thought I would share on the off chance someone bought AUG. I have a little:
07/30/2020 14:54:58 Bought 200 AUG @ 2.1498 -429.96
07/31/2020 10:15:52 Bought 200 AUG @ 2.1336 -426.72
Deal finalized yesterday. Symbol FURY should be recognized this week. No idea when anything will show up on the other two companys.
"What we've just announced is that we are splitting Auryn into three companies, and we are taking over Eastmain," shared Bebek. Auryn entered into an agreement at the end of July to acquire Eastmain Resources in an all-share deal set to close on October 9, 2020. "Auryn is going to change its name to Fury Gold Mines. [and] it's going to be led by a CEO of the name Mike Timmins," he added. Timmins formerly worked at Agnico Eagle as the VP of Corporate Development and has a similar vision for the growth of Fury, which Bebek says will begin trading as soon as next week.
"The other two entities will be Sombrero Resources and Tier One Metals," said Bebek, speaking of the two companies spinning out from Auryn and holding the Peruvian assets. "
He then shared that Sombrero Resources should be able to secure drill permits in Q1, and investors can expect to see Sombrero trading at that time as well.
Bebek then expanded on Tier One Metals, including the potential of multi-kilo silver discoveries. "In the spirit of wanting more for shareholders, we've identified a couple of other assets that are silver and gold acquisitions that we want to go and pursue before Tier One Metals resumes trading, which is expected in February of 2021," shared Bebek. "It's a pretty awesome transformation event."
Lol: "Ultimately, yes, I'm saying that all three companies should add up to 3x Auryn's value by the time they get trading." |
