Aurania Completes Sale of Peruvian Subsidiary to Palamina

Aurania Resources (TSE:ARU) has released an update.

Aurania Resources Ltd. has finalized the sale of its Peruvian subsidiary, Sociedad Minera Vicus Exploraciones S.A.C., to Palamina Corp., receiving 350,000 common shares and a 1% Net Smelter Return royalty. The deal, allowing Palamina to consolidate its copper-silver project holdings in Peru, gives them the option to buy back half of the royalty for $1 million.

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