|By Marketwire .||
|February 22, 2013 06:28 PM EST||
ST. JOHN'S, NEWFOUNDLAND -- (Marketwire) -- 02/22/13 -- Aurion Resources Ltd. ("Aurion") (TSX VENTURE:AU) announces, subject to final regulatory approval, that 4,444,450 warrants issued on March 3, 2011, in conjunction with a $2.0 million private placement announced on February 8, 2011, have been amended. The expiry date of the warrants has been extended from March 3, 2013 to March 3, 2015 and the exercise price has been reduced from $0.85 per share to $0.65 per share, being the market price of the Company's stock on the date the private placement was announced.
Aurion is focused on early stage precious metals exploration in Nevada, and to a lesser extent British Columbia and Mexico. Its strategy is to generate or acquire early stage gold projects and systematically and economically advance them to a stage which will attract potential joint venture partners. Aurion currently has three active joint ventures and $3.0 million cash, 38 million shares issued and outstanding and a low operational burn rate.
On behalf of the Board,
Mike Basha, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Aurion Resources Ltd.
President & CEO