RE: RE: RE: RE: RE: RE: RE: digging Auro Resources arranges $500,000 private placement
2012-09-13 18:04 ET - News Release
Mr. John Gomez reports
AURO ARRANGES $500,000 PRIVATE PLACEMENT
Auro Resources Corp. has arranged a $500,000 non-brokered private placement for the company's operations in Colombia and Canada.
In accordance with the TSX Venture Exchange's temporary relief measures, Auro proposes to issue approximately 16,666,666 units priced at a price of three cents per unit. Each unit will consist of one common share of the company and one share purchase warrant, with each warrant entitling the holder to acquire an additional common share of the company at six cents per share in year one and 10 cents per share in year two.
Finders' fees of 6 per cent of units sold may be payable in units or cash. The private placement is subject to regulatory approval.