AuRo Resources Corp. Announces Shares for Debt Transaction
July 26 2013 - 1:02PM
Marketwired Canada
AuRo Resources Corp. (the "Company") (TSX VENTURE:ARU) (FRANKFURT:NXP3)
announces that it has entered into debt settlement agreements ("Agreements")
with three creditors of the Company pursuant to which the Company agreed to
issue an aggregate of 711,530 common shares ("Shares") on a 10 to 1
post-consolidation basis at a deemed price of $0.30 per Share. The amount of
indebtedness settled by the Agreement is $213,459, which represents outstanding
amounts for services provided by the creditors 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, and once the Company completes a 10 to 1 share
consolidation as approved by the shareholders of the Company at the Company's
annual general and special meeting of shareholders held on January 3, 2013.
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
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
AuRo Resources Corp.
Peter Tegart
President and CEO
ptegart.auro@gmail.com
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