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Auric Mining Company (AUMY)
AUMY DD :)
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MisterROLDY
Tuesday, April 17, 2012 10:31:13 PM
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AUMY DD :)
AUMY (AURIC MINING CO.)
Business Description
Auric Mining Company is as an investment and management company involved in mining and natural resources projects. The company focuses its resources by investing in on-going projects to establish immediate cash-flow for the company and to provide profitability for its shareholders. The company is currently focused on developing its properties in the Wawa area of the Sault Ste. Marie Mining District in Ontario. In addition to its prolific history for gold mining, Wawa has shown promising signs of concentrated kimberlite indicators, a favorable geological formation for diamond exploration. The company has a number of claims strategically located in this historic mining district.
Contact Info
* Suite 101 - 702 West Street
* Wilmington, DE 19801
* Website:
http://www.auricminingcorp.com
* Phone: 866-859-5398
* Email: info@auricmining.com
Share Structure
Market Value1 $1,247,829 a/o Apr 10, 2012
Shares Outstanding 378,129,991 a/o Mar 30, 2012
Float 118,116,343 a/o Mar 30, 2012
Authorized Shares 1,025,000,000 a/o Mar 30, 2012
Par Value 0.001
Recent News
Auric Mining Increases Revenue Projections and Acquisition Targets as Analysts Reiterate $2000 Gold by 2013
WILMINGTON, Del., March 28, 2012 /PRNewswire via COMTEX/ -- Auric Mining Company (OTC: AUMY) announced today that, based on respected analysts' projections, it has increased its revenue projections and ramped up its gold mine acquisition initiatives.
In recent reports analysts for both BNP Paribas and Thomson Reuters set gold price targets of $2,000 by late 2012 early 2013.
In a note to clients published yesterday morning, BNP Paribas precious metals strategist Anne-Laure Tremblay maintained her 2012 and 2013 gold price targets of $1,850 and $2,225 per ounce respectively; and Philip Klapwijk, Global Head of metals analytics at Thomson Reuters GRMS, the world's leading metals consultancy firm, asserted that he sees gold rebounding to $2,000 per ounce either in late 2012 or early 2013.
These respected predications echo the sentiment of the market and have forced the Company to substantially increase its revenue projections for its gold producing projects currently under development. Additionally, the Company has announced that it will be focusing increased resources at its acquisition and partnership initiatives.
The Company anticipates additional announcements upon the completion of agreements for new growth opportunities currently in negotiation.
In anticipation of new growth opportunities and as a loyalty benefit to all shareholders, the Board of AUMY has recently announced that it has voted to pay all shareholders on record a 3% stock dividend. 3 new Auric Mining shares will be issued for every 100 owned.
About Auric Mining Co.Auric Mining is an investment and management enterprise that acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. As part of its new growth initiative, the Company plans to acquire sector-specific technology and assets to be integrated into existing and future operations. Auric's primary business strategy is the acquisition of diverse, profitable energy related assets that provide synergistic profits and revenue enhancements across all portfolio companies.
The Company has developed and maintains an extensive database of private and public natural resources companies which have substantial resources already proven. The Company is constantly seeking acquisition opportunities with significant exploration upside through purchase, joint venture or investment. With unparalleled instincts for successful mineral projects, a field-oriented management style and a flat organizational structure, the Company has an ability to concentrate its financial assets, human resources and field efforts to provide timely decisions and a continued focus on the most prospective targets. The company has a number of claims strategically located in this historic mining district. The Company believes its combination of profitability and mitigated-risk funding structures provides long-term shareholder equity appreciation. For more information please visit the company's website at www.auricminingcorp.com.
Forward-looking StatementsThis news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 - forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at Auric Mining's stage of development. All such forward looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
For more information contact:Auric Mining CompanyGeneral Inquiries: 302-336-9736Investor Relations: 302-269-3859Email: info@auricminingcorp.com
SOURCE Auric Mining Company
www.prnewswire.com Copyright (C) 2012 PR Newswire. All rights reserved
Auric Mining Declares a Stock Dividend and Prepares for New Growth
WILMINGTON, Del., March 23, 2012 /PRNewswire via COMTEX/ -- Auric Mining Company (OTC: AUMY) announced today that, pursuant to a special meeting of the Board of Directors held on March 20th, 2012, the company has declared a stock dividend to all stockholders and set the record date for stock dividends to be 5pm EDT, April 28th, 2012.
In anticipation of new growth opportunities and as a loyalty benefit to all shareholders, the Board of AUMY has voted to pay all shareholders on record a 3% stock dividend. 3 new Auric Mining shares will be issued for every 100 owned.
The Ex-Dividend Date will be set at April 28, 2012. For the purpose of clarity, the standard Ex-Dividend Date rules will apply. If a stockholder buys a dividend paying stock one day before the Ex-Dividend Date, you will still qualify for the Stock Dividend. However, if you buy on the published date of the Ex-Dividend, in this case April 28, 2012, the shares won't be eligible for the Stock Dividend. Conversely, if you want to sell a stock and still receive the dividend that has been declared, you need to sell on (or after) the Ex-Dividend Day.
The date of payment for the stock dividends to all qualifying shareholders will be no later than one month after the Record Date. New share certificates will be mailed directly to all shareholders of record by the Company's Transfer Agent. In the interim, we advise all stockholders to contact their brokers to ensure their mailing information is updated and correct in order that stock certificates arrive at their proper destination.
The Company anticipates additional announcements upon the completion of agreements for new growth opportunities currently in negotiation.
About Auric Mining Co.
Auric Mining is an investment and management enterprise that acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. As part of its new growth initiative, the Company plans to acquire sector-specific technology and assets to be integrated into existing and future operations. Auric's primary business strategy is the acquisition of diverse, profitable energy related assets that provide synergistic profits and revenue enhancements across all portfolio companies.
The Company has developed and maintains an extensive database of private and public natural resources companies which have substantial resources already proven. The Company is constantly seeking acquisition opportunities with significant exploration upside through purchase, joint venture or investment. With unparalleled instincts for successful mineral projects, a field-oriented management style and a flat organizational structure, the Company has an ability to concentrate its financial assets, human resources and field efforts to provide timely decisions and a continued focus on the most prospective targets. The company has a number of claims strategically located in this historic mining district. The Company believes its combination of profitability and mitigated-risk funding structures provides long-term shareholder equity appreciation.
For more information please visit the company's website at www.auricminingcorp.com.
Forward-looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 - forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at Auric Mining's stage of development. All such forward looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
For more information contact:Auric Mining CompanyGeneral Inquiries: 302-336-9736Investor Relations: 302-269-3859Email: info@auricminingcorp.com
SOURCE Auric Mining Company
www.prnewswire.com Copyright (C) 2012 PR Newswire. All rights reserved
Auric Mining Company (AUMY) Stock Trading Info:
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