Replies to post #207885 on MATRIX Penny Stocks

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~AUMY .0002 Financial Guarantees to Increase to $60.Million.for.Property Development Financing/Acquisition



http://finance.yahoo.com/news/auric-mining-financial-guarantees-increase-123000496.html

WILMINGTON, Del., June 8, 2012 /PRNewswire via COMTEX/ -- Auric Mining Company
(pinksheets:AUMY) announced today that it had secured an additional asset backed $40,000,000
Financial Guarantee commitment thereby increasing its total commitment to $60 million for ongoing
development. While currently two separate commitments, negotiations are ongoing as to combining
these commitments into a single Financial Guaranty at a preferred rate.

The financing increase permits the Company to expand the scope of the Company's recently
announced acquisitions and partnership initiatives.

The Company recently announced it had completed the first phase of its due diligence on 7 properties
and that it will give priority to the recommissioning of previously producing gold properties due to
their relatively low cap-ex and high production probability. Three properties currently under due
diligence meet this criteria and will proceed to the investigative level, while four options will be
dropped.

The Company has put in place the required financial and human resources and management to
leverage the significant inherent resource value at these near term production scenarios, each with
significant undervalued growth potential. The Company expects to soon announce completion of
specific acquisitions and/or partnerships that are currently in progress.

http://www.auricminingcorp.com