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AURUS CORP (U-AURC) - News Release Aurus Increases Production and Acquires Krong Ltd. With Its 2.8 Million Ounces of Gold Reserves
2006-09-21 09:00 ET - News Release
NEW YORK, NY -- (MARKET WIRE) -- 09/21/06
Aurus Corporation (PINKSHEETS: AURC) announced today that it has acquired all the outstanding shares of Krong Ltd. which assets include a production plant with 2,800,000 ounces of gold reserves.
"We are very enthusiastic with the possibilities presented with the acquisition of Krong Ltd. Our proven reserves combined with theirs will add up to over 7 million ounces and therefore will make AURUS one of the new leaders in the industry," said Mr. Gerald Parkin, President of Aurus Corp. "Their production plant and the technology employed for the extraction of gold tailings is exceptional and will assure us an edge which will enable us to increase production dramatically," further added Mr. Parkin. Krong Ltd. has a unique technology in treating tailings and this method shall be used in extracting ore from the other reserves of gold tailings owned by Aurus as well as from other sites throughout the federation of Russia.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pink Sheets market. Aurus seeks to continue acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and or partnerships.
About Krong Ltd.
Krong Ltd. is a privately owned company founded in 1997. It is a fully operational mining extracting and processing enterprise situated within 125 miles from Moscow. The tailings represent a total of 80,000 tons of material laying on the surface; engineering reports demonstrate an average of 0.69 gms/ Ton. The enterprise has developed unique technologies which allow the extraction of metals from tailings and, in addition, it uses the waste remaining after the process to make building materials. There is no comparable technology in the world.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
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NEW YORK, NY, Sep 25, 2006 (MARKET WIRE via COMTEX) -- Aurus Corporation (PINKSHEETS: AURC) announced today that it has concluded a $10,000,000 US offering to NewConsult Ltd., a Swiss private equity fund.
According to the offering, NewConsult Ltd. will proceed to fund an initial US$2 million upon the company's listing on the Frankfurt Stock Exchange, which is expected by the middle of October and will continue to fund the company's operation for a period of 48 months. NewConsult Ltd. has also received a right of first refusal for any subsequent funding of up to US$50,000,000.
"The funding by NewConsult Ltd. will enable us to immediately increase production and purchase all the equipment needed to mine our reserves," said Gerald Parkin, President of Aurus Corporation. "The $10,000,000 funding can easily turn into a $50,000,000 financing based on our performance and the price of gold and in return create substantial value for our shareholders,'' further added Mr. Parkin.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue to acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and/or partnerships.
About NewConsult Ltd.
NewConsult Ltd. is a private equity fund based in Zurich, Switzerland, which specializes in undervalued commodity assets.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
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Schwabie.. You are trying to put down another DOUBLE that I guess you did not have... Anyway, your remarks regarding NDOL are somewhat cryptic........do you have substantial news or dd to report??????? What is your point?
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NEW YORK, NY--(MARKET WIRE)--Sep 28, 2006 -- Following the funding which was put in place last week, Aurus (Other OTC:AURC.PK - News) has concluded an agreement to purchase equipment for its mining operations. The supplier is one of Japan's leading manufacturers of mining equipment.
The purchased equipment includes bulldozers, loaders, excavators, motor graders, dumpsters, crushers and generators.
"This equipment will permit us to increase production at the Krong mine as well as commence operations at our other sites," says Mr. Parkin. He adds, "Following the acquisition of Krong Ltd., we are in an excellent position to use their technology to process our huge gold reserves of tailings."
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 7 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue acquiring proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and/or partnerships.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact: Contact: Gerald Parkin President Aurus Corporation gparkin*auruscorp.com 514-591-3666 http://www.auruscorp.com
-------------------- Good judgment comes from experience, and often experience comes from bad judgment.
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Aurus Corp. Names Two New Members to the Board of Directors Thursday September 28, 7:29 pm ET
NEW YORK, NY--(MARKET WIRE)--Sep 28, 2006 -- Aurus Corporation (Other OTC:AURC.PK - News) announced today that it has named two new members to its Board of Directors, namely:
Fedor Fedorovich Dovgan graduated as an engineer from Khabarovsk Polytechnical Institute. After working as an engineer for 15 years, he was the founder and director of Dovgan & K gold mine. He has vast experience in the extraction of gold from placer and ore deposits as well as in the management of operational facilities. He was active in setting up the extraction and the production plant in the Magadan region.
Samuel Vladimirovich Chobonian graduated from the Moscow Institute of Commerce specializing in the management, organization and the financial operations of the company.
''These nominations are a result of the recent acquisition and the members will be part of a strong team to assist in the production and expansion of the company's resources," adds Gerald Parkin, president.
-------------------- Good judgment comes from experience, and often experience comes from bad judgment.
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