Aurora Acquisition Corp (AURC)

[Lochan]

The company had planned to be bought out since its inception.
With the acquisition of Krong, the assets were in place to get
a reasonable offer. To close the deal, the company needed audited financials and confirmation of its mineral assets from the Ministry.

I suspect that lower offers were made in the past, but that the officers of the corporation considered the
present offer to be the most reasonable. IMO, they have already concluded their negotiations to get the best offer from this buyer. Now the BOD has to sign off on the deal.

I think Aurus did not want to do the mining of these minerals themselves, but they had to show prospective buyers that the
mining could be done successfully.