AURIS AG
Successful launch of Auris AG at Frankfurt Stock Exchange
AURIS AG / Key word(s): IPO Basel, 14th April 2011 News Successful launch of Auris AG at Frankfurt Stock Exchange Since one week now, Auris AG is traded in the Open Market with the code 1AU at Frankfurt Stock Exchange. The Board is very contented with this startup. The prospectus, approved by BaFin, can be viewed and downloaded by interested investors at the website of Auris AG www.aurisag.ch. The share capital of Auris AG is divided into 30 million shares. There are wether options nor warrants. Through the listing interested investors have now the opportunity to be part of the company's development from the very beginning. The company provides through its subsidiary AURIS CONGO SPRL about prospective 3247 square km (= 324 700 hectares) large license areas in the Kilo – Moto – gold belt of the Democratic Republic of Congo. Detailed location plans and maps can be viewed under http://www.aurisag.ch/news.html on the website of Auris AG. Extensive gold mineralization is already known from the license area. Gold prospectors were active at many places and have reduced high-grade gold veins near the surface. Simultaneously geologists have carried out some geological investigations on behalf of the state mining authority over the last decades, so that extensive geological information is available to Auris. But only the systematic exploration work of Moto Gold Mines Ltd. has resulted to understand this region of eastern Congo as a mega-gold belt. Moto Gold Mines Ltd. was involved to 70% in a gold exploration area. The company had several related gold deposits, with estimated 22 million. identified oz of gold (Moto-share 70% = 15,4 Mio. oz). Moto Gold Mines was acquired in 2009 to approx. $ 500 million, and that at a former goldprice of 900-1000 U.S. $ / oz.
Auris has taken and analyzed thousands of soil samples over the past 12 months in order to plan the next exploration stage. Many of these soil samples showed gold values of more than Auris AG starts with significantly improved conditions in the development of projects: 1. Auris CONGO holds 100% of the licenses 2. The gold price currently is above the mark of 1,400 U.S. $ / ounce (compared to U.S. $ 900-950 even 2 years ago) 3. Auris can draw on the basis of results of recent exploration and geological analysis in the region, saving considerable cost and time. Thus, the planned drilling program will be positioned precisely. 4. There is now a clearly improved infrastructure. Thus the Chinese state invested billions of dollars in infrastructure (roads, railways) in the Congo (DRC) and in return receives access to mineral deposits. Only the road construction program includes approx. 3200 km roads. One of these new routes goes through the license area of Auris. Therefore the board is looking optimistic to the future development of the company and will promptly report about further development. On behalf of the Board, Peter Goeggel Disclaimer: These press releases / Research/ analysis / content of the website may not be accessed directly or indirectly in the U.S., Canada, Japan and Australia, to U.S. citizens or persons resident in the named countries, yet brought in their territory transmitted, or distributed. Persons into whose possession this document comes should inform themselves about possible legal restrictions on the dissemination of such research and comply with them. Any failure to comply with this restriction may constitute a violation of U.S., Japanese, Australian or Canadian securities laws or the laws of another jurisdiction. End of Corporate News 14.04.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
120058 14.04.2011 |