Auryn Holdings Corporation (AHC) has received a request from Cerro Dorado, Inc. (Cerro) for additional time to fulfill the terms agreed to in our Memorandum of Understanding (MOU). AHC has granted the extension. The new deadline is July 21, 2017.
If Cerro successfully fulfills its obligations, AHC will have voting control of Cerro by virtue of its ownership of the 500,000 preferred shares that carry 1000-for-1 voting rights. In addition, Cerro’s obligations must be fulfilled before the Board of Directors is changed.