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.
For further insights into TSE:ARU stock, check out TipRanks’ Stock Analysis page.
