Aurus Corporation (Pink AURC): Aurus Corporation is a publicly traded mining holding company, trading under the ticker symbol AURC on the U.S. Pinksheets market. Aurus seeks to acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate through joint-ventures and or partnerships. Website(s):http://www.auruscorp.com -&- http://www.monimpex.com/about_us_en.htmlPosts: 1113 | Registered: Jun 2005
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Company Contact: Gerald Parkin, President Aurus Corporation gparkin*auruscorp.com or parkin*monimpex.com (514) 591-3666 -------------------------------------------
Share Structure (source: Dec.15-05 communication with mgmt) O/S - 103 million (Including 68 million shares (1 Year Restriction) represent the controlling interest obtained by Zabaikalgeoprom for their properties and mining rights) Float - 20 million Mgmt estimates the free trading float to be closer to 8 million shares (my guess is that is due to their own holdings). -------------------------------------------
RSM Top Audit http://top-audit.ru.mastertest.ru The evaluation of the gold properties is being done by RSM Top Audit. This is one of the top 6 global audit firms, adding a lot of legitimacy to this stock, IMO. This firm is the best of the best in Russia, with an 'A' list clientele and exceptional credibility.
Aurus Signs Letter of Understanding With Zabaikalgeoprom
(MARKET WIRE via COMTEX) -- Aurus Corporation (OTC: AURC) announced today that it had signed a letter of understanding with Russian based Zabaikalgeoprom to begin negotiations on the acquisition of mining properties in the Siberian and Far Eastern Federal Districts. According to the letter of understanding, AURUS will begin the pre due-diligence process on a select group of properties, mainly the Priargunsky, JSC, Sherlovogorsky and Salaiskiy properties.
"We are very satisfied with our progress with Zabaikalgeoprom," said Gerald Parking, President of Aurus Corporation. "The properties owned by Zabaikalgeoprom if acquired, represent significant value for our shareholders. Even the smallest property would provide our company with over 12,000 KG of Gold reserve," further added Mr. Parkin.
DEC.15-2005 NEWS Aurus Signs Letter of Intent to Acquire Zabaikalgeoprom and Its Cumulative Mining Rights and Reserves of 5.2 Million Ounces of Gold
(MARKET WIRE) -- 12/15/05 Aurus Corporation. (OTC: AURC) announced today that it had signed a letter of intent to acquire Russian-based Zabaikalgeoprom and its mining rights on several properties in the Siberian and Far Eastern Federal Districts.
According to the letter of Intent, Aurus and Zabaikalgeoprom will sign a definitive agreement on December 17, 2005, and expect to close the transaction by or before December 23, 2005. Aurus will immediately begin the due-diligence process on the mining rights of several properties including: Northern Ore Technologies, Gold of Siberia, Nerchinsk Gold Mining, Sherlovogorsky Mining, Amazarsky Mining, Priargunsky Industrial Mining, Salairskiy and Nerchinsk Pits.
These mining properties have total combined proven reserves of 5.2 million ounces of gold, 30 million ounces of silver, 65,468 tons of Tin, 336,965 tons of Zink, 79,203 tons of Lead and 17,730 tons of Copper.
It should be noted that specifically the properties of Priargunsky and Salairskiy have a total combined proven reserves of 3,073,949 ounces of Gold, whereby the Salairskiy has an average maintenance of 20-25 gram of Gold per ton.
"Zabaikalgeoprom is truly the find of the century, it has been under the radar of multinationals for many years. They have mined a considerable amount of gold and other metals over these past few years and by investing in its infrastructure, our experts have determined that can increase production and reach sales of over $800 million USD rapidly," said Gerald Parkin, President of Aurus Corporation. "The evaluation of these properties were done by RSM Top-Audit and have determined the value to be $3,512,189,181 USD and such valuation was done when the price of gold was at $385 per ounce. If we calculate the gold in the company at the current price, we have well over $2 billion USD of gold reserves," further added Mr. Parkin.
"We are very satisfied with the negotiation with Aurus," said Victor Feldbush, president of Zabaikalgeoprom. "The merger of our company with Aurus and becoming a publicly traded company will enable us to refinance our infrastructure and increase production drastically over the next several months," further added Mr. Feldbush.
Posts: 1113 | Registered: Jun 2005
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Aurus Signs Acquisition Agreement to Acquire Zabaikalgeoprom and Its Cumulative Mining Rights and Reserves of 5.2 Million Ounces of Gold
Aurus Corporation. (OTC: AURC) announced today that it has signed the acquisition agreement and acquires Russian based Zabaikalgeoprom and its mining rights on several producing properties in the Siberian and Far Eastern Federal Districts.
According to the acquisition agreement, Zabaikalgeoprom shareholders will receive a total of 68 million shares for their properties and mining rights, whereby the total issued and outstanding post closing will be 103 million shares. The companies expect to close the acquisition agreement by or before December 23, 2005.
According to a report prepared by RSM Top-Audit, the net present value of Aurus is expected to be $1.2 billion USD. RSM Top-Audit is the local affiliate to RSM International, the world's 6th largest Auditing firm. The RSM report was written when the price of gold was at $385 per ounce and the current price of gold is above $500 per ounce or 130% higher.
Aurus Corporation will place most emphasis on the properties of Priargunsky and Salairskiy, which has a total, combined proven reserves of 3,073,949 ounces of gold, whereby the Salairskiy property has an average maintenance of 20 -25 gram of gold per ton.
"The acquisition of Zabaikalgeoprom by Aurus Corp. is a great accomplishment," said Gerald Parkin, President of Aurus. "The reserves and more specifically the gold reserves as well as the current productions of such will enable us to become a major player on the international scene," further added Mr. Parkin.
"Our gold reserves and production facilities coupled to the public markets will enable us to seek and have access to the US capital markets and upgrade our equipment, which will result in increase productions," said Victor Feldbush, President of Zabaikalgeoprom.
Aurus Completes the Acquisition of Zabaikalgeoprom and Its 5.2 Million Ounces of Gold Reserves
Aurus Corporation. (OTC: AURC) announced today that it has completed the acquisition of Russian based Zabaikalgeoprom and its mining rights on several producing properties in the Siberian and Far Eastern Federal Districts.
Further to the closing of the share exchange agreement, Zabaikalgeoprom is now a wholly owned subsidiary of Aurus Corporation, and therefore the company now owns producing properties with proven reserves with a market value according to the London Metals Exchange of approximately $3.7 billion USD. The proven reserves are comprised of 5.2 million ounces of gold, 30 million ounces of silver, 65,468 tons of tin, 336,965 tons of zinc, 79,203 tons of lead and 17,730 tons of copper.
The company is currently in advanced discussions with several funds and strategic investors to finance the production increase, whereby Aurus Corporation expects to produce 12 tons or 384,000 ounces of gold annually or today's equivalent to over $250 million USD annually as well as produce many other precious metals.
The new investments will be targeted specifically at the Priargunsky and the Salairskiy properties where combined proven reserves are over 3 million ounces of gold.
"Now that the closing has occurred, we can now focus on the tasks at hand, that of increasing production and turn Aurus Corporation into one of the worlds gold production leader," said Mr. Gerald Parkin, President of Aurus Corporation.
Monimpex International Inc. was formed by a group of Canadian businessmen who combined their expertise to assist companies to become listed on the public market. They have many years of experience and contacts within the business and financial community, the stock market as well as in the legal field.
Numerous commercial strategic associations have been formed to assure that all procedures in becoming public shall be accomplished in the most efficient manner.
Among our staff members we have the following:
Our firm's president has extensive business experience, both in Russia and in North America. He has worked closely with legal and accounting firms in both continents, namely in Moscow,New York,Montreal and Toronto. He sat on the Board of a number of public companies.
Gerald T. Parkin
He is vice president of legal affairs and had practiced for over 25 years specializing in corporate and commercial matters and has sat on the board of many corporations as legal advisor. He represented Suisse Romande Finance as well as Americorp in Canada.
He is the vice president of international commercial affairs and has extensive experience in the construction and oil industry in Canada. He acted as a member of the Board of CCI (Canada Construction Industries).
He is a specialist in all securities traded on the U.S. public markets and has acted as a consultant for over 20 years in the process of listing companies on NASDAQ.He acted as an options trader and portfolio manager. He also has a strong network of venture capitalists and market makers.
He graduated from Harvard University Law and is our legal council in all matters concerning securities issues in the United States. As a specialist for over 10 years in securities law. he has developed a good working relation with U.S. Securities and Exchange Commission.
To further show that this company is for real, an Aurus reference has been on the main RSM Top Audit website the whole time, right under our noses but hard to find it if you dont know the Russian language.
See close to bottom of material pasted below -- this is copied directly from the RSM Top Audit web page....
Listed under recent 'Major Projects' for client companies...
---------------------------------------------------------------------------- Corporate are the finances 1. Control of the cost of the enterprise Conducting the complex analysis of the financial-economic activity of enterprise for the purpose of the development of the "reserves" of the cost Restoration of the activity of enterprises with the aid of development and realization of restoring circuits taking into account of the existing problems, positions of its creditors and debtors. Juridical support of operations of shareholders and management. Recovery of debts in the judicial order. Construction and the introduction of the models of control of cost on the basis of the model of the factors of cost and BSC: MFS for guaranteeing the continuity of business; MFS for control of risks; control of debts; control of the expenses 2. Estimation of the economic effectiveness of investment projects (business- planning). Juridical tracking of the realization of the investment projects
3. Investment konsalting, including benchmarking
4. Aid to companies on leaving to the markets for capital - organization of procedure IPO Planning strategy of output to the markets for capital Training company for public status: Conducting Due Dilligence emitenta Formation of the syndicate of anderrayterov Conducting Road show Arrangement of actions, summing up of the results 5. Estimation Content of the service Purposes and the task Estimation of active memberships for the preparation of financial account according to MSFO Estimation of active memberships for the transfer of accounting with RSBU to MSFO within the framework MSFO 16, MSFO 32, MSFO 38 Estimate of the cost of securities Estimate of the cost of the debts Estimate of the cost of machines and equipment Estimate of the cost of real estate Estimate of the cost of the earth Estimate of the cost of the intangible assets Realization of estimated works within the framework of the law OF RF "about the estimated activity" of βyeshch - FZ. Estimation of the size of damage or harm Estimation of economic damages or harm from the extraordinary situations and the negative influence of the economic activity of the third persons. Juridical of service on the protection of the interests of clients and compensation for the obtained damage in the judicial or dosudebnom order. 6. Tax konsalting Consultation on the taxation of legal and physical persons Control of the tax load 7. Aid to state unitary enteprises with the privatization the analysis of the financial-economic activity of the privatiziruyemogo enterprise; diagnostics of the system of control of the privatiziruyemogo enterprise, including system of control of the risks the lawful analysis: constitutive documents, the pravoustanavlivayushchiye documents to the property, contractual base; the estimation of business at the current moment; the development of proposals on the restructuring of the activity of enterprise for the purpose of an increase in the privatizatsionnoy cost of object; the plan of the development of business; the estimate of the promising cost of business. 8. Examination and the calculation of tariffs in the region of power engineering and ZHKKH Examination and the calculation of tariffs on electrical and thermal energy; Reform of electro-energetics: o Development of strategies of energy-marketable companies, OGK, TGK; o Development of the programs of the reformation of the power-supply enterprises; o Evaluation of the influence of the reformation of power engineering on the state of the economy of the budgets of regions; Development of regional energy programs; Development is business - projects and investment programs in electro-energetics and ZHKKH; Control of major konsaltingovymi projects according to the reformation of municipal power engineering; the Normative- lawful guarantee of reformation of electro-energetics and ZHKKH
The office of state of Moscow city "board of sport and entertainment measures" (GU DSZM) - the technical and economic substantiation of conducting the games KHKHKH of Olympiad of 2012. in Moscow (estimation of the commercial expediency of the participation of Moscow in the organization and conducting of games 2012.). AK "trans-oil" o business is plan and the technical and economic substantiation of the building of conduit around Chechnya within the framework of intergovernmental agreement on the transport of Azerbaijan oil on the Russian conduits o the development of the concept of financing the design of the building of the Baltic pipeline system o the creation of concept, development is the business of plan and the preparation for intergovernmental agreements for the realization of the project of the building of the Caspian pipeline complex o consultation on the preparation of the intergovernmental project between Russia and Azerbaijan on the transport of Azerbaijan oil on the Russian conduits, the juridical and economic examination of the documentation OOO Of "gazeksport" - the technical and economic substantiation of trade by natural gas in Europe under the conditions of the liberalization of the market Company is the "north of Oil product" - the business- plan of the building of the locked technological complex on the output, refining of petroleum and realization of petroleum products. The represented presentation and the extended business- plan contributed to the start of the actions of company in the listing of the largest stock exchange of north.America; Company By "zabaykalgeoprom" - the business- plan of the creation of the multiprofile holding on the output, processing of minerals, extraction of precious and rare-earth metals in the region of Transbaykal and Chukotka district Company "fimeks" - business is the plan of the mastery of the layer of diamonds in by Aleksandrovsk the region of the Perm province. Company "nessa AD" - the business- plan of the building of ecologically clean multi-product ethanol production in the territory Of the burgasskeye region of the republic of Bulgaria.
I spoke with the President of AURC today, and the minor glitches with Pinksheets.com should be taken care of shortly. The coporation's Charter and finanicals should be in Pinksheets hands soon (..if not already..), so all the company information will be correct and the reports will be up to date.
With a little luck we'll have RTQs and Level-II available soon. also.
at the time I posted, it had pulled back to .16. I'm actually pretty sure about that. Well that's all people are talking about on IHUB. These are people that are invested in the company who have talked with management. Sorry if it's not 100%, but it's been rumored for some time.
Posts: 36 | Registered: Jan 2006
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quote:Originally posted by joejoe: What's wrong with this stock?
Expected news and updates on the company have not come out as soon as expected, which has caused some nervous shareholders to sell. However when the news comes out this stock should explode imo. I e-mailed the president Gerald Parkin on Friday and asked when we should expect an update about the company. His reply was early next week, if he comes through there will be alot of people chasing this low float stock imo. Watch for the news.
Posts: 424 | Registered: Apr 2005
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