AuRo Resources Corp. Increases Private Placement to $2.5 Million

23.02.2011  |  Marketwired

VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Feb. 23, 2011) - AuRo Resources Corp. (the "Company") (TSX VENTURE: ARU) announces that it is increasing the size of its non-brokered private placement (previously announced February 16, 2011) to up to 16,730,000 Units at a price of $0.15 per Unit, for gross proceeds of up to $2.5 Million. Each unit is comprised of one common share of the Company and one-half of one transferable common share purchase warrant, each whole warrant exercisable for a period of two years from the date of issue to purchase one common share of the Company at a price of $0.30 per share.

In addition to working capital, the net proceeds of the private placement will be used for the Company's exploration activities in Colombia and AuRo's ongoing review of potential property transactions.

The private placement is subject to TSX Venture Exchange (the "Exchange") acceptance and required regulatory approvals. All of the securities issued pursuant to this offering will have a hold period expiring four months after the closing date.

A finder's fee will apply in this transaction in accordance with the policies of the Exchange.


ON BEHALF OF THE BOARD

Mark Lawson
President & CEO



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact Information

AuRo Resources Corp.
Jeremy Ross
Corporate Development
604-893-8838
or
AuRo Resources Corp.
Tyler Ross
Corporate Development
604-893-8838
604-681-0796 (FAX)
or
AuRo Resources Corp.
Mark Lawson
President & CEO
416-623-0565
or
AuRo Resources Corp.
Andreas Curkovic
Investor Relations
416-577-9927
www.auroresources.com