Aurelio Resource Corp (fka AULO)

[profiteer11]

Aurelio Resource enters into agreement with C3 Resources to buy gold exploration projects in Nevada
5/27/2009 7:23 AM ET
Aurelio Resource Corp. (AULO.OB) said it signed agreement to acquire a portfolio of 10 gold exploration and development projects in Nevada from C3 Resources, Inc. for US$4.75 million.

Eight of the 10 projects are located on or in-between the Carlin and Battle Mountain-Eureka Trends.

Aurelio noted that it would acquire a 100% interest in the property portfolio in exchange for issuing 47.5 million restricted common shares. The stock is valued at US$0.10/share.

The transaction is expected to be completed by June 15, 2009.

Upon completion of the transaction, Aurelio will expand its board of directors to six, with C3 to nominate three new directors.