Aurus Posts Audited Financial Statements: Over $4 Billion USD in Total Assets
Monday May 1, 9:00 am ET
MONTREAL--(MARKET WIRE)--May 1, 2006 -- Aurus Corporation (Other OTC:AURC.PK - News) announced today that its audited financial statements for fiscal 2005 and comparison 2004 are available through its website under the online investor inquiry.
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It is the firm RSM Top Audit that has prepared the audited financial statements under US and Russian Gaap and have been retained as the company's official SEC auditors. The highlight of the statements are its USD $4,099,579,465 in total assets, which represents its precious and non-precious metals inventory and reserves throughout their properties. The company's revenue remain low due to the current ramp-up of its operation and joint-venture discussions on its Klyon "Maple" property.
"We are glad to finally provide our audited financials to our shareholders and the investment public, we will continue to update the information and soon release our website with all details pertaining to all the reserves and properties," said Mr. Gerald Parkin, President of Aurus Corporation. "We look forward to continuing to create shareholder value with the mining of our gold and silver properties," further added Mr. Parkin.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and or partnerships.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
