AuRo Resources Corp. Announces Shares for Debt Transaction
March 19 2013 - 5:33PM
Marketwired Canada
AuRo Resources Corp. (TSX VENTURE:ARU) (the "Company") announces that it has
entered into a debt settlement agreement ("Agreement") with a creditor of the
Company pursuant to which the Company agreed to issue an aggregate of 2,000,000
common shares ("Shares") at a deemed price of $0.05 per Share. The amount of
indebtedness settled by the Agreement is $100,000, which represents outstanding
amounts for services provided by the creditor to the Company. 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.
The issuance of shares is subject to the approval of the TSX Venture Exchange
(the "Exchange"). The Company will issue the Shares once the issuance has been
approved by the Exchange.
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
FOR FURTHER INFORMATION PLEASE CONTACT:
AuRo Resources Corp.
Peter Tegart
President and CEO
ptegart.auro@gmail.com
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