Monday, September 25, 2006 2:00:24 PM
Private Equity Fund
NEW YORK, NY, Sep 25, 2006 (MARKET WIRE via COMTEX) -- Aurus Corporation
(PINKSHEETS: AURC) announced today that it has concluded a $10,000,000 US
offering to NewConsult Ltd., a Swiss private equity fund.
According to the offering, NewConsult Ltd. will proceed to fund an initial US$2
million upon the company's listing on the Frankfurt Stock Exchange, which is
expected by the middle of October and will continue to fund the company's
operation for a period of 48 months. NewConsult Ltd. has also received a right
of first refusal for any subsequent funding of up to US$50,000,000.
"The funding by NewConsult Ltd. will enable us to immediately increase
production and purchase all the equipment needed to mine our reserves," said
Gerald Parkin, President of Aurus Corporation. "The $10,000,000 funding can
easily turn into a $50,000,000 financing based on our performance and the price
of gold and in return create substantial value for our shareholders,'' 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 to acquire proven gold and other precious metal reserves in Russia and
other emerging counties and operate its mines through joint ventures and/or
partnerships.
About NewConsult Ltd.
NewConsult Ltd. is a private equity fund based in Zurich, Switzerland, which
specializes in undervalued commodity assets.
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.
Contact:
Gerald Parkin
President
Aurus Corporation
gparkin@auruscorp.com
514-591-3666
www.auruscorp.com
SOURCE: Aurus Corporation
CONTACT: mailto:gparkin@auruscorp.com
http://www.auruscorp.com
Copyright 2006 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM