9 January 2017
Vancouver, British Columbia – January 9, 2017 – Auryn Resources Inc. (TSX: AUG, OTCQX: GGTCF) (“Auryn” or the “Company”) is pleased to announce that it has entered into an Investment Agreement with Goldcorp Inc. (“Goldcorp”) (TSX: G, NYSE: GG) for a strategic equity placement whereby Goldcorp will purchase directly and indirectly in two tranches 9,542,402 common shares of Auryn for C$3.67 per share (the “Placement”). After giving effect to the Placement, Goldcorp will own 12.5% of Auryn’s outstanding common shares.
In addition, Auryn and Goldcorp have entered into an Investor Rights and Obligations Agreement whereby, as long as Goldcorp maintains a 5% or greater equity ownership interest in Auryn:
• Goldcorp will have the right to participate in future Auryn equity issues in the amount necessary to maintain up to a 12.5% interest;
• Goldcorp will have a right to match certain non-equity financings; and
• If Goldcorp chooses to sell more than 2% of Auryn’s shares, Auryn will have the right to designate buyers and Goldcorp will vote its shares to elect the Auryn recommended director nominees.