Tuesday, August 17, 2010 7:43:47 PM
"The management of Aurus Corporation examines the versions of transaction on the
reverse absorption of gold-ore holding by its present daughter "Mountain
Corporation Zabaykalgeoprom ", says three sources, close to the company. Aurus
Corporation is registered in the state of Delaware of the USA. NASDAQ OTC
symbol: AURC.PK. If transaction will occur and Mayskaya will become the main
company of holding, it will be renamed Aurus. The outline of transaction is
still being studied, decision is not made yet, sources emphasize. This
altogether is only one of the versions of an increase in the liquidity of
shares. In addition, it is easier for an American company to buy foreign
(active?) using its shares and to draw borrowed means, another source notes.
Aurus Corporation became the owner of the 100% shares of the "Mountain
Corporation Zabaykalgeoprom", in August 2005. It was acquired from the Felbush
family and Mr.Belchenko. The sum of the transaction is $80 millions. AURUS
Corporation paid $2 million by cash, and the rest of the amount by its shares."
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
