DGAP-News: Auris AG will get listed at Frankfurt Stock Exchange (WKN: A1CYLE, ISIN: CH0112933400)
(firmenpresse) - DGAP-News: Yalta advisory GmbH / Key word(s): IPO
Auris AG will get listed at Frankfurt Stock Exchange (WKN: A1CYLE,
ISIN: CH0112933400)
02.04.2011 / 05:00
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Basel, 01th April 2011
The Board of AURIS AG is pleased to announce that all preparations for the
Listing of AURIS AG including the preparation of a prospectus have been
completed. This prospectus, approved by BaFin, can be viewed and downloaded
by interested investors at the website of AURIS AG www.aurisag.ch. Thus all
requirements for an initial listing on the Frankfurt Stock Exchange in the
Open Market are met now. The listing will take place on Monday, 04th April
2011 and Auris AG will be traded there under the code 1AU. The share
capital of Auris AG is divided into 30 million shares. There are wether
options nor warrants. Through the listing interested investors have 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://aurisag.ch/news/20110401.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 the Auris AG is available to extensive geological
information.
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 AG 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
10 g / t.
Auris AG starts with significantly improved conditions in the development
of projects:
1. Auris AG holds 100% of licenses
2. The gold price is currently above the mark of 1,400 U.S. $ / ounce
(compared to U.S. $ 900-950 even 2 years ago)
3. Auris AG 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 go through the license area of Auris AG.
Therefore the board is looking optimistic to the future development of the
company and will promptly report about further development.
The Board,
Peter Goeggel
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End of Corporate News
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02.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
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118188 02.04.2011
Datum: 02.04.2011 - 05:00 Uhr
Sprache: Deutsch
News-ID 33694
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