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AuRo Resources Corp. (CVE:ARU,FRA:NXP3) reports its acquisition of all of the issued and outstanding securities in the capital of White Gold Corporation is closed and begins exploration on key properties.
AuRo Resources Corp. (TSXV:ARU,FRA:NXP3) reports its acquisition of all of the issued and outstanding securities in the capital of White Gold Corporation is closed and begins exploration on key properties.
The press release is quoted as saying:
Pursuant to the terms of the amalgamation agreement, the shareholders of White Gold will receive an aggregate of 21,000,000 common shares in the capital of the Company at a deemed price of $0.15 per share, with 7,979,987 of these shares to be issued to the White Gold shareholders on closing. The remaining 62% of the total shares to be issued shall be released, on a pro rata basis, to the White Gold shareholders upon receiving Concession Agreements to the properties that are in the “Pending Concession” and “Lease Application” stages.Exploration Update
With the recent engagement of GeoXplore, the Company’s Colombian based exploration group, AuRo plans to immediately commence a simultaneaous “Three-pronged” exploration strategy focused on El Tesoro, the Tolima-Quindio area properties and Arboledas.
Click here to access the entire news release.
