25 Jan 2006securities registration● Neutral
AURORA GOLD CORP amended a filing by which it registered a small-business securities offering with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Dec 2005securities registration● Neutral
AURORA GOLD CORP registered a small-business securities offering with the SEC.
9 Nov 2005material agreement● NeutralMajor
In Nov 2005 Aurora Gold added option agreements on the Ouro Mil (about 10,000 ha) and Sao Domingo (about 5,000 ha) projects in the Tapajos province, Para, Brazil, extending its Nova Porto start. Each lets it earn 100%: Ouro Mil for US$1,912,000 in total with a 1.5% royalty, and Sao Domingo for US$2,300,000 with a 2% royalty. It can withdraw at any time. Sao Domingo is the project later central to the company's plans.
14 Oct 2005material agreement● NeutralMajor
In Oct 2005 Aurora Gold took an option on the Nova Porto project (two licences, about 34,000 hectares) in the Tapajos gold province, Para, Brazil, and began sampling. It can earn 100% through payments starting at US$25,000 in Nov 2005, leaving the vendors a 2% royalty. It can withdraw at any time, and total payments would be US$4,050,000 for both licences if it goes the full way. This is the company's start in Brazil's Tapajos region.
13 July 2005capital raising announcement● NeutralMajor
Aurora Gold raised US$650,000 by selling 13,000,000 shares at US$0.05 to non-affiliated offshore investors, closing July 13, 2005. This brings shares outstanding to 36,193,522, so existing holders are diluted.
What it means for a shareholder
13.0m new shares at US$0.050 to raise about US$650,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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24 Mar 2005material agreement termination● Neutral
In March 2005 Aurora Gold dropped its options with Full Metal Minerals on the Lucky Shot, Gunsite and Zackly properties in Alaska, which it had signed in Sept 2004. No reason or cost is given.
21 Mar 2005material agreement● NeutralMajor
In March 2005 Aurora Gold agreed with CCO Mineracao to buy 100% of the Matupa Gold Project in Mato Grosso, Brazil, for a total of US$3,350,000 over five and a half years, plus a 2.25% royalty on production. It can terminate on 30 days' notice. It also gave Neuer Kapital a 60-day right of first refusal to take over its interest, with Neuer paying US$50,000, 150,000 Neuer shares and reimbursement of costs and payments made to CCO. Neuer was said to expect to exercise it.
23 Sept 2004material agreement● Neutral
On Sept 20, 2004 Aurora Gold signed three letters of intent with Full Metal Minerals for options on Alaska properties: 60% of Lucky Shot (65 patented claims) and 70% each of Gunsite (21 claims) and Zackly (34 claims). The filing gives no prices or work commitments.
29 Mar 2004director interest notice● Neutral
AURORA GOLD CORP director David E Jenkins bought 6,865,505 shares on the open market.
26 Feb 2001farm in farm out agreement▲ GoodMajor
In Feb 2001 Aurora Gold, through its subsidiary Aurora Metals (BVI), closed a deal with Billiton subsidiaries to fund zinc exploration on the Hammala and Kebbouch permits in northern Tunisia. Billiton bought $600,000 of units (857,143 at $0.70, each with a one-year $0.85 warrant) and can earn 51% by spending $1.0 million over two years, with a further option to reach 70%. Aurora Metals stays operator, and the Hammala permit is held under option from High Marsh Holdings, which carries a 2% royalty once vested.
15 Aug 2000late filing notice▼ Bad
AURORA GOLD CORP notified the SEC that its quarterly report would be filed late.
29 Mar 1999late filing notice▼ Bad
AURORA GOLD CORP notified the SEC that its annual report would be filed late.