Vancouver, British Columbia, -- AuRo Resources Corp. (TSX V:ARU) (FRANKFURT:NXP3)announces receipt of TSX Venture Exchange approval on a Temporary Relief Measures, non-brokered private placement for 13,832,583 Units at $0.03 per Unit. Each Unit consists of one common share of the Company and one share purchase warrant (a "Warrant") with each Warrant entitling the holder to acquire an additional common share of the Company at $0.06 per share in year one, and $0.10 per share in year two. The Units are subject to a four month hold period.
Proceeds from the private placement will be used towards the Company's operations in Colombia and Canada.
Approximately $203,000 is allocated for property payments, $100,000 for accounts payable, $45,000 for Colombia operations, $27,000 for Canada operations, and $15,000 for AuRo's Annual General Meeting. The Company will also pay a finder's fee of $24,898.65 on the private placement. The private placement was approved by the Company's board of directors.
About AuRo Resources Corp.
AuRo Resources is a mineral exploration company with properties in Colombia's leading gold camps. The Company holds property interests in three of the country's most prolific gold regions in Santander-Norte de Santander, Tolima-Quindio, and Antioquia. AuRo shares trade on the TSX Venture Exchange under the symbol ARU. For further information please visitwww.auroresources.com.
ON BEHALF OF THE BOARD
(sgd.)"John Gomez", CEO
For further information please contact:
John Gomez
CEO & Director
T: 604-484-7118
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.
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