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Home : AuRo Resources Corp. Announces Shares for Debt Transaction
Mar 20
2013

AuRo Resources Corp. Announces Shares for Debt Transaction

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2013) - AuRo Resources Corp. (TSX VENTURE:ARU) (the "Company") announces that it has entered into a debt settlement agreement ("Agreement") with a creditor of the Company pursuant to which the Company agreed to issue an aggregate of 2,000,000 common shares ("Shares") at a deemed price of $0.05 per Share. The amount of indebtedness settled by the Agreement is $100,000, which represents outstanding amounts for services provided by the creditor to the Company. The Company chose to settle this outstanding indebtedness with Shares as part of its plans to move the Company forward and in order to preserve its potential funds for operations.
Source:http://www.marketwire.com/mw/release.do?id=1769862&sourceType=3
 
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