AuRo Closes Tranche 1 of Private Placement
08 Maio 2012 - 11:06AM
Marketwired Canada
AuRo Resources Corp. (TSX VENTURE:ARU)(FRANKFURT:NXP3) announces that it has
closed Tranche 1 of its previously announced non-brokered private placement of
up to 20,000,000 units (the "Units") priced at $0.05 per Unit, to raise gross
proceeds of up to $1,000,000.
The Company closed Tranche 1 by issuing 4,910,000 Units for gross proceeds of
$245,500. Each Unit consists of one (1) common share of the Company and one-half
(1/2) of one share purchase warrant (a "Warrant") with each whole Warrant
entitling the holder thereof to acquire an additional common share of the
Company for a period of 18 months at a price of $0.10 per share.
An aggregate of $13,550 in cash was paid to Haywood Securities Inc., and
Macquarie Private Wealth Inc., for that portion of the financing attributable to
these finders' efforts. In addition, a total of 271,000 in agents' warrants were
issued to the finders, with each warrant exercisable at $0.10 for a period of 12
months from the date of Closing.
All of the securities issued pursuant to this offering will have a hold period
expiring four months after the closing date.
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
Aurania Resources (TSXV:ARU)
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