AuRo Retains Pinnacle Capital Markets for Investor Relations
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/08/11 -- AuRo Resources Corp. (TSX VENTURE: ARU)(FRANKFURT: NXP3) is pleased to announce that it has retained Pinnacle Capital Markets Ltd. ('Pinnacle') to develop and provide investor relations services for the Company. Pinnacle has been engaged to refine and execute an investor relations strategy that will enhance and expand AuRo's exposure with the North American and international investment community.
Pinnacle will assist AuRo Resources in fostering productive, continuing dialogues with analysts, brokers, potential investors, current shareholders and other financial professionals. The initial period of the agreement is for 6 months with an option to renew at terms mutually agreeable to each party. AuRo will compensate Pinnacle with a monthly retainer of $6,000.00 per month (plus HST), in addition to 300,000 incentive options. This agreement is subject to TSX Venture Exchange approval.
Mark Lawson, President & CEO of AuRo Resources stated, 'We are excited to be working in conjunction with Pinnacle, given the breadth of their relationships within the institutional, and retail investment community. Pinnacle will be working with AuRo to help us continue to geographically diversify our shareholder base.'
About Pinnacle
Pinnacle Capital Markets Ltd. is a Toronto based advisory firm that provides full range of services to publicly-listed companies operating primarily in the mining, oil and gas, technology and renewable energy sectors. Their objective is to work closely with their clients to achieve key investor relations goals such as: assist in positioning their client in the context of the public markets, enhance visibility within the financial community, increase liquidity through enhanced retail and institutional awareness, attract and increase equity research coverage, and assist in identifying much needed growth capital. PCM believes that a successful investor relations program depends on a multifaceted approach, including an effective strategy, tactical execution, thoughtful advice, and ongoing communication.
To speak with a representative at Pinnacle Capital Markets Ltd. please contact Spyros P. Karellas President & CEO at 416-800-8921 email: spyros@pinnaclecapitalmarkets.ca or Stephen Goodfellow at 416-900-3719 or by email at stephen@pinnaclecapitalmarkets.ca. For investor information please email Investorinfo@pinnaclecapitalmarkets.ca.
AuRo would also like to clarify and address an article that recently appeared online titled 'Colombia's president bans exploration in historic coffee growing region.'
The article stated that Colombia's President Juan Manuel Santos says his administration has prohibited mining in 47 coffee producing municipalities in the departments of Valle del Cauca, Caldas, Quindio, Risaralda and Valle. This article also stated that 'Among the Canadian exploration companies with exploration programs in the departments of Tolimo and Quindio are AuRo Resources' White Gold Properties, and Miranda Gold's Cajamarca project.'
This article was derived from a Colombian newspaper called La Patria and was translated from Spanish to English; the original article in La Patria did not cite AuRo Resources or Miranda Gold. The Company would like to clarify that although it possesses interests in close to 30,000 hectares in the Departments of Tolima and Quindio, 12-25 km from AngloGold Ashanti's multimillion ounce La Colosa gold deposit, the majority of its concessions and priority exploration targets reside in the department of Tolima, and not Quindio.
It is important to note that 2 of the largest discoveries in Colombia reside in the Departments of Caldas and Quindio, and management and its Colombian counsel do not foresee this becoming a law, nor does it conceive that President Juan Manuel Santos would enact any law that would deter future foreign direct investment, stimulus to future economic growth and job creation in these increasingly important mining regions.
About AuRo Resources Corp.
AuRo Resources is a mineral exploration company with major land positions in Colombia's leading gold camps. The Company holds property interests in three of the country's most prolific gold regions in Antioquia, Tolima-Quindio, and Santander-Norte de Santander. AuRo shares trade on the TSX Venture Exchange under the symbol ARU. For further information please visit www.auroresources.com.
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.
Contacts:
AuRo Resources Corp.
Mark Lawson
President & CEO
416-623-0565
AuRo Resources Corp.
John Gomez
Director
604-484-7118
www.auroresources.com