AuRo Resources Corp. Announces Share Consolidation and Name Change
August 23 2013 - 7:35PM
Marketwired Canada
AuRo Resources Corp. (the "Company") (TSX VENTURE:ARU) announces that as of the
TSX Venture Exchange ("TSX-V") market open on Monday, August 26, 2013, the
Company will consolidate its outstanding common shares on a basis of one new
common share for every ten old common shares. The 10 to 1 share consolidation
was approved by the shareholders of the Company at the Company's annual general
and special meeting of shareholders held on January 3, 2013.
As a result of the share consolidation, the number of issued and outstanding
common shares will be reduced from 84,316,703 to approximately 8,431,670.
The Company is also pleased to announce that it has received TSX-V acceptance
and has officially changed its name to Tesoro Minerals Corp. The name change was
approved by the directors of the Company on August 8, 2013 pursuant to the
Articles of the Company and was implemented as part of a renewal process under
new management.
Trading under the new name "Tesoro Minerals Corp." will commence on the TSX-V at
the opening of trading on August 26, 2013 under TSX-V symbol "TES" (CUSIP
88160V102; ISIN CA 88160V1022).
Letters of transmittal describing the details of the share consolidation and the
process by which shareholders obtain actual share certificates representing the
consolidated common shares will be mailed out to registered shareholders of the
Company. Registered shareholders may also obtain copies of the letter of
transmittal by contacting the Company's transfer agent, Computershare Investor
Services Inc.
Shareholders who hold their shares through their broker or other intermediary
and do not have actual share certificates registered in their name will not be
required to complete and return a letter of transmittal. Any pre-consolidation
common shares owned by such shareholders will automatically be adjusted as a
result of the share consolidation to reflect the applicable number of
post-consolidation common shares owned by them and no further action is required
to be taken by such shareholders. No fractional common shares will be issued as
a result of the consolidation. Any fractional common share arising from the
consolidation comprising less than one-half of one common share will be rounded
down to the nearest whole common share. Any fractional common share arising from
the consolidation comprising greater than or equal to one half of one whole
common share will be rounded up to the nearest whole common share.
About AuRo Resources Corp.
AuRo Resources Corp. is a mineral exploration company with major land positions
in three of Colombia's most prolific gold regions including Antioquia,
Tolima-Quindio, and Santander-Norte de Santander. AuRo shares trade on the TSX
Venture Exchange under the symbol ARU.
On Behalf of AuRo Resources Corp.
Peter Tegart, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
AuRo Resources Corp.
Peter Tegart
ptegart.auro@gmail.com
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