Ivan Bebek of Auryn Resources Explains the Transformative Acquiring of Eastmain Resources

In this interview, co-hosted by Kerry Lutz of the Financial Survival Network and Bill Powers of Mining Stock Education, Auryn Resources’ executive chairman Ivan Bebek explains the transformative merger with Eastmain Resources. This merger was announced on July 29th and will result in a new company Fury Gold Mines. Fury Gold Mines will seek to advance its several gold projects with initial emphasis given to Eastmain’s Eau Claire high-grade gold project. The stated goal is to have Fury Gold develop into a Canada-focused, growth-oriented producer. As part of this transaction, Auryn will spin-out its Peruvian assets into two separate companies. One spinco will hold the Sombrero copper projects while the other will hold the silver and gold projects including the flagship Curibaya silver project. Regarding the three companies resulting from this transaction, Ivan shared: “we want to deliver $10-20 share prices per asset [company].” 0:00 Introduction 1:12 Why merge with Eastmain Resources in addition to spincos? 4:49 How soon could Fury Gold Mines see cashflow? 7:08 Fury Gold Mines CEO Michael Timmins 9:57 Meaning of the name “Fury”? 10:26 Ivan Bebek will be the chairman of Fury Gold Mines 11:01 What’s most likely to go wrong? 11:48 Arbitrage opportunity in Eastmain shares 13:13 Spincos clear branding coming 14:58 Burn rate will decrease 15:39 More M&A to come? 18:16 We want to deliver $10-20 share price per company 22:43 Ivan’s role in spinco companies 27:23 Buy AUG before record date in order to get spinco shares Ticker: AUG www.AurynResources.com Sign up for Auryn’s email list: https://aurynresources.com/subscribe/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Auryn Resources is a Mining Stock Education sponsor. The forward-looking statement found in Auryn’s most-recent presentation found at www.AurynResources.com applies to everything discussed in this interview. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our podcasts or videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.