By Sheri Kasprzak
New York, Sept. 29 - Aurelio Resource Corp. settled a $1.6 million private placement.
The company issued 4 million shares at $0.40 each to private fund companies and investors in the United States, Canada and Europe.
Proceeds will be used to develop the company's copper resource and to explore for gold on the company's Gavilanes porphyry gold deposit in Mexico. The remainder will be used for general corporate purposes.
Based in Littleton, Colo., Aurelio is a gold and copper exploration company.
| Issuer: | Aurelio Resource Corp.
|
| Issue: | Stock
|
| Amount: | $1.6 million
|
| Shares: | 4 million
|
| Price: | $0.40
|
| Warrants: | No
|
| Settlement date: | Sept. 29
|
| Stock symbol: | OTCBB: AULO
|
| Stock price: | $0.90 at close Sept. 29
|
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