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Monday, May 19, 2008

Aurora Metals BVI (AURMF.OB)

Summary
Aurora Metals is a mineral exploration and resource-related company focusing on the exploration and development of its Montana properties. Aurora Metals stock trades under the symbol "AURMF" on the OTC Bulletin Board in the United States of America.

Recent Activity
Aurora Metals (BVI) Limited (OTC BB:AURMF.OB - News) is pleased to announce that it has entered a settlement agreement with Trend Mining Company ("Trend") regarding the lawsuit filed in the Montana 22nd Division District Court and the Joint Venture Agreement between the Company and Trend on the Company's Montana properties. The Company filed the lawsuit to obtain a judicial confirmation that the Joint Venture Agreement was terminated and to quiet title to the properties in the Company.

Pursuant to the Settlement Agreement Trend has agreed that the Joint Venture Agreement has been terminated and Trend has released any claim of interest in and to the Company's property. The pending litigation on the Joint Venture Agreement and the properties will be dismissed and deemed fully and finally settled.

The Continuance was effected on May 5, 2008 as one of the requirements under the arrangement agreement with Nevoro Inc. (Toronto:NVR.TO - News) pursuant to which Nevoro will acquire 100% of the common shares of Aurora by way of a shareholder and court approved plan of arrangement whereby each Aurora common share will be exchanged for one Nevoro common share. Holders of more than 50% of the outstanding common shares of Aurora have entered into voting agreements with Nevoro pursuant to which they have agreed, among other things, to vote their common shares in favour of the plan of arrangement. The plan of arrangement is expected to complete on or before July 31, 2008.

at 3:24 AM Posted by Daniel Pak

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