AuRo Resources Corp. Announces $1.2 Million Private Placement
16.02.2011 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Feb. 16, 2011) - AuRo Resources Corp. (the "Company") (TSX VENTURE: ARU) announces it has arranged a non-brokered private placement for gross proceeds of up to $1,200,000.00. The private placement will consist of up to 8,000,000 Units at a price of $0.15 per unit. Each unit is comprised of one common share of the Company and one-half of one transferable common share purchase warrant, each whole warrant exercisable for a period of two years from the date of issue to purchase one common share of the Company at a price of $0.30 per share.In addition to working capital, the net proceeds of the private placement will be used for the Company's exploration activities in Colombia and AuRo's ongoing review of potential property transactions.
The private placement is subject to TSX Venture Exchange (the "Exchange") acceptance and required regulatory approvals. All of the securities issued pursuant to this offering will have a hold period expiring four months after the closing date.
A finder's fee will apply in this transaction in accordance with the policies of the Exchange.
ON BEHALF OF THE BOARD
Mark Lawson
President & 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.
Contact Information
AuRo Resources Corp.
Jeremy Ross
Corporate Development
604-893-8838
or
AuRo Resources Corp.
Tyler Ross
Corporate Development
604-893-8838
604-681-0796 (FAX)
or
AuRo Resources Corp.
Mark Lawson
President & CEO
416-623-0565
or
AuRo Resources Corp.
Andreas Curkovic
Investor Relations
416-577-9927
www.auroresources.com