Aurelio Resource Corporation (OTCBB:AULO)(FWB:F3RA) is pleased to
announce that the Company has entered into a USD 1,000,000 equity
financing agreement with European institutional investors ("the
Investors"). The Company will issue 3,333,334 Units, with each Unit
equal to one common share and one warrant; each warrant permits the
holder to purchase one additional common share at USD 0.50/share for
five years.
The parties intend that this financing will be the first tranche
in a long-term strategic alliance between the Company and the
Investors. The Company intends to focus on exploring and developing
the wholly-owned Hill Copper-Zinc Project in Arizona, while the
Investors have indicated a willingness to lead efforts to fund these
work programs and general working capital requirements. The Company
and the Investors are in discussions concerning the terms of such a
strategic alliance.
The parties believe that an alliance of the mining expertise of
the Company´s management and the financial expertise and funding
capacity of the Investors will prove to be a valuable long-term
strategic alliance, allowing the Company´s management to focus on the
development needs of its projects. The faith of the Investors in the
proposed strategic alliance is also based on an independent assessment
of the Company´s precious and base metal assets.
No fees or commissions are payable in regards to this financing.
About the Company
Aurelio Resource Corporation is a mineral exploration company
focused on fast-track development of its wholly-owned Hill Copper-Zinc
Project, which the Company believes contains a number of low-cost,
bulk-tonnage, open-pit-mineable deposits close to surface containing
significant amounts of copper, zinc, silver and gold. The Company has
previously announced an independent estimate of the mineralized
material at the MAN Area of the Project totaling 63.8 million tons at
an average grade of 0.56% copper-equivalent. Aurelio has also acquired
the rights to explore, and an option to purchase, the Gavilanes gold
porphyry deposit in Durango, Mexico.
For additional information, please visit our website
(www.AurelioResource.com) and/or send an email to
DianeD@AurelioResource.com.
Notice Regarding Forward-Looking Statements
Statements in this news release that are not historical are
forward-looking statements. Forward-looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words "expects," "plans," "anticipates," "believes,"
"intends," "estimates," "projects," "aims," "potential," "goal,"
"objective," "prospective," and similar expressions, or that events or
conditions "will," "would," "may," "can," "could" or "should" occur.
Information inferred from the interpretation of drilling results and
information concerning mineral resource estimates may also be deemed
to be forward-looking statements, as it constitutes a prediction of
what might be found to be present when and if a project is actually
developed. Forward-looking statements in this news release include:
that our property contains a number of potentially low-cost,
bulk-tonnage, open-pit-mineable deposits close to surface containing
significant amounts of copper, zinc, silver and gold; the
establishment of a strategic alliance and future financings.
It is important to note that the Company´s actual outcomes may
differ materially from those statements contained in this press
release. Factors which may delay or prevent these forward-looking
statements from being realized include misinterpretation of data; that
we may not be able to keep our qualified personnel; that funds
expected to be received may not be; that our estimates of mineral
resources are inaccurate; uncertainties involved in the interpretation
of drilling results and other tests and the estimation of resources;
that we may not be able to get equipment or labor as we need it; that
we may not be able to raise sufficient funds to complete our intended
exploration, purchase, lease or option payments; that our applications
to drill may be denied; that weather, logistical problems or hazards
may prevent us from exploration; that analysis of data cannot be done
accurately and at depth; that results which we have found in any
particular location are not necessarily indicative of larger areas of
our property; and that despite encouraging data there may be no
commercially exploitable mineralization on our properties. Readers
should refer to the risk disclosures outlined in the Company´s most
recent Form 10-KSB and Form 10-QSB filed with the Securities and
Exchange Commission.
