SOURCE: Aurus Corporation

May 03, 2007 11:22 ET

Aurus Raises $10 Million Through Bond Issue

NEW YORK, NY -- (MARKET WIRE) -- May 3, 2007 -- Aurus Corp. (PINKSHEETS: AURC) announces that it entered into an Agreement with Legacé and Legault International Inc., a Montreal-based firm specializing in the financing of companies through the issue of equity bonds. The bonds, which shall be guaranteed by corporate assets, shall raise the sum of $10 million over the course of the next 3-4 months. The maturity date for reimbursement is set for year 2022.

Mr. Dovgan, president, adds, "The bonds shall complement the funds presently being disbursed by the Kyoto private equity fund. The advantage is that the funds raised by the issue of these bonds shall not dilute the Company stock."

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 countries and operate its mines through joint ventures and/or partnerships.

Contact Information

  • Contact:
    Jeremy Krause
    Managing Director
    Business Development Consultants, LLC
    1-858-384-0294