Aurum, Inc. (Aurum), incorporated on September 29, 2008, is an exploration-stage company. Aurum is engaged in mineral exploration for gold and copper in the Lao Peoples Democratic Republic (Lao P.D.R or Laos). In December 2010, the Company executed an agreement with Argonaut Overseas Investments Ltd (AOI), an indirectly wholly owned subsidiary of Argonaut Resources N.L., in respect to Argonaut’s 70% held, 55,105 acre Century Concession in Laos.
The agreement appoints Aurum as the manager of the Century Thrust Joint Venture Agreement, which exists between Argonaut and two other parties, and gives the Company the right to earn 72.86% of AOI’s interest in the Joint Venture, which is equivalent to a 51% beneficial interest in the Century Concession. Century is located approximately 150 kilometers north west of the capital city Vientiane on the Loei-Luang Prabang fold belt, which stretches from Thailand in the south, to Laos in the north. As of October 31, 2011, the Company had no source of revenue.