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AuRo Resources Announces New Slate of Directors; Shares Up 20%

AuRo Resources Corp. (ARU.V) announced that shareholders have elected a new slate of four company directors.

The new directors are successful businessmen with significant experience in geological exploration and mine development, and possess strong skills in business management, capital markets, finance and accounting, the company said in a release.

At the AGM, shareholders also approved a stock option plan and a consolidation of shares of the company on up to a ten-to-one basis, or such lower ratio as determined by the directors.

AuRo also announced that the litigation commenced against the company and several of its former directors by a concerned shareholder has been withdrawn.

ARU shares gained half-a-cent to $0.03.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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