Auryn completed the acquisition of Eastmain Resources and spin off Peruvian assets.

Auryn Resources, a junior exploration company focused on finding and advancing globally significant precious and base metal deposits, completed the acquisition Eastmain Resources, a Canadian exploration company, following the spin off Peruvian assets. The transaction will create Fury Gold Mines and two independent spin-out entities “SpinCo Sombrero” consisting of the Sombrero project and “SpinCo Curibaya” consisting of the Curibaya and Huilacollo projects. Eastmain shareholders will be entitled to c. 0.117 of a Fury Gold shares for each Eastmain share. “The Board of Eastmain strongly endorses the transaction, as we believe it is in the best interests of all our shareholders and stakeholders. Fury Gold will have the capability and access to capital to develop and finance Eau Claire. We want to commend our interim President and CEO Blair Schultz for his efforts in delivering this strong partner and to thank our entire team for their efforts moving this Transaction to a positive conclusion. The time is right and Fury Gold opens up a new horizon for all of our stakeholders,” Laurie Curtis, Eastmain Chairman. Auryn and Eastmain security holders approve the deal on October 5, 2020.