SOURCE: Aurus Corporation

April 26, 2007 09:30 ET

Aurus Receives Counteroffer of $.55 per Share

NEW YORK, NY -- (MARKET WIRE) -- April 26, 2007 -- Aurus Corp (PINKSHEETS: AURC) announces that its president, Fedor Dovgan, has received a counteroffer of $.55 per share from Kartix Financial Corporation for all the outstanding shares of the Company.

The offer expires on May 1, 2007 at 18:00 hours but because of the annual Russian May holidays which end on May 9, Mr. Dovgan and Mr. Sokolov have agreed to extend the delay until May 11, 2007 at 18:00 hours.

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