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Aurelius Announces Termination of Master Transaction Agreement


On October 13, 2022,  Aurelius Minerals Inc., in connection with the acquisition of the Aureus Gold properties, terminated the master transaction agreement dated as of February 27, 2020 between Aurelius and a fund managed by Sprott Resource Lending Corp. (“Sprott”), pursuant to which Aurelius owed approximately US$7.2 million in deferred payments, and certain guarantees and security had been delivered by Aurelius to and in favour of Sprott.

In consideration for terminating the master transaction agreement and terminating and releasing the security documents, Aurelius has granted an unsecured 0.6% net smelter return royalty on Aurelius’ Aureus East Property to 1000321660 Ontario Inc. an affiliate of Sprott.

Cassels acted for Aurelius.

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