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VANCOUVER, British Columbia and ROAD TOWN, British Virgin Islands – Oct. 28, 2024 – Mining Press Release – Bluestone Resources Inc. (“Bluestone”) (TSXV:BSR | OTCQB:BBSRF) and Aura Minerals Inc. (“Aura”) (TSX:ORA | B3:AURA33 |OTCQX:ORAAF), are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Aura will acquire all of the issued and outstanding common shares of Bluestone (the “Bluestone Shares”) by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement” or “Transaction”).

Transaction Highlights

  • Aura will be acquiring a 100% interest in Bluestone’s Cerro Blanco gold project (“Cerro Blanco”) and the adjacent Mita Geothermal project (“Mita Geothermal”).
  • Bluestone valued at approximately C$ 0.50 per Bluestone Share, representing a 51% premium to spot and a 40% premium to the volume weighted average price (“VWAP) of the Bluestone Shares on the TSX Venture Exchange (the “TSXV”) for the 25 day period ending October 24th, 2024, to be paid in a combination of …