AURC: Financing News, Bid Building
Aurus Obtains Advantageous Financial Package
NEW YORK, NY, Feb 12, 2007 (MARKET WIRE via COMTEX) --
AURUS Corp. (PINKSHEETS: AURC)
Martin Grancharoff, the newly appointed board member, has obtained financing from a Canadian private equity fund in the amount of $50 million over a period of 5 years.
Mr. Grancharoff states, "The funds will be used to purchase equipment for the Krong operations both on its deposits and in its refinery. Part of the funding will also be used to restart the mining operations with new superior equipment on the deposits held by before the merger by Zabaikalgeoprom."
