Auracle Resources Ltd.: TSX Approves Loan Agreements and Issuance of Share Bonuses
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As additional consideration of the Loans being granted, the Company has agreed to grant each Lender 2 bonus shares per $1 advanced to the Company totalling an aggregate amount of 199,226 shares issued. The share bonus is consistent with the loan bonus provisions of the TSX Listings Policy 5.1.
ON BEHALF OF THE BOARD OF DIRECTORS,
Robin ForshawPresident & CEO
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION
This news release contains certain "forward-looking information" within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Specifically, there is no assurance the Company will be able to close the private placement on the terms outlined above, in whole or in part.
Neither 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:
Auracle Resources Ltd.
Robin Forshaw, President & CEO
604-682-3131
604-682-1816 (FAX)
www.auracleresources.com