Aurum buy-in to extend 1.6M-ounce Cote d’Ivoire gold project

The agreement also encompasses resource-based milestones. For each permit area, Aurum will issue Encore 1M shares when Aurum defines a JORC-compliant inferred, indicated or measured resource of 250,000 ounces gold.

And the deal sets out further staged issues of 1M Aurum shares for each additional…