African Aura Mining Inc. Director Steps Down

Arican Aura Mining Inc. (TSXV:AUR, LON:AAAM) reports that Steven Poulton, a non-executive director has elected to step down from the board effective upon the completion of the restructuring of the company into separate gold and iron ore companies.

The press release is quoted as saying,

Following the completion of the Arrangement, Mr. Poulton will not be a director of either of the Company or Aureus Mining Inc. (the separate gold company resulting from the Arrangement). Mr. Poulton has advised the Company that he intends to vote all of his respective common shares (being 1,251,000 shares or approximately 1.45% of the current issued share capital) in favour of the resolution relating to the Arrangement (the “Arrangement Resolution”) at the Special Meeting of shareholders to be held on 5 April 2011.

For the complete press release, click here.