AuRo Resources Corp. Announces Shares for Debt Transaction
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/19/13 -- AuRo Resources Corp. (TSX VENTURE: ARU) (the "Company") announces that it has entered into a debt settlement agreement ("Agreement") with a creditor of the Company pursuant to which the Company agreed to issue an aggregate of 2,000,000 common shares ("Shares") at a deemed price of $0.05 per Share. The amount of indebtedness settled by the Agreement is $100,000, which represents outstanding amounts for services provided by the creditor to the Company. The Company chose to settle this outstanding indebtedness with Shares as part of its plans to move the Company forward and in order to preserve its potential funds for operations.
The issuance of shares is subject to the approval of the TSX Venture Exchange (the "Exchange"). The Company will issue the Shares once the issuance has been approved by the Exchange.
About AuRo Resources Corp.
AuRo Resources Corp. is a mineral exploration company with major land positions in three of Colombia's most prolific gold regions including Antioquia, Tolima-Quindio, and Santander-Norte de Santander. AuRo shares trade on the TSX Venture Exchange under the symbol ARU.
On Behalf of AuRo Resources Corp.
Peter Tegart, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
AuRo Resources Corp.
Peter Tegart
President and CEO
ptegart.auro@gmail.com