AuRo Resources Corp. Announces Shares for Debt Transaction
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/07/13 -- AuRo Resources Corp. (the "Company") (TSX VENTURE: ARU) announces the completion of the shares for debt transaction originally announced on March 19, 2013. The issuance has received approval from the TSX Venture Exchange.
On May 24, 2013 the Company issued an aggregate of 2,000,000 common shares ("Shares") at a deemed price of $0.05 per Share to settle an aggregate debt of $100,000 representing an amount due to a service provider. 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.
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