Auracle Clarifies Investor Relations Agreement
VANCOUVER, Nov. 7, 2012 /CNW/ - Auracle Resources Ltd. (the "Company") provides further details to its press release dated August 9, 2012. The Company appointed Mr. Rick Timcke as manager of Investor Relations to generate awareness of the Company's business to the investment community. The contract for services is on a month to month basis. As consideration for services, the Company was to pay Mr. Timcke $6,000 monthly, and reimburse Mr. Timcke for necessary Company related out of pocket expenses. The contract was subject to a termination clause, giving either party opportunity to conclude the contract on thirty days written notice. Due to the pending transaction between the Company and Commonwealth Silver and Gold Mining Inc. as announced October 12, 2012, the Company terminated its contract with Mr. Timcke, effective on October 31, 2012. Auracle Resources wishes to thank Mr. Timcke for his focused attention during his engagement with the Company.
On behalf of the Board of Directors,
President & CEO
CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION
This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. This can include, but is not limited to comments regarding the proposed transaction and Commonwealth Silver or Auracle or Amalco's future financial or operating performance, sizing and pricing of the proposed financing, completion of the offering, TSX or TSX Venture approval for listing, the use of proceeds, timing and expectations for finalizing agreements, timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, extent of potential mineralization etc. Forward-looking information addresses future events and conditions and therefore involves inherent risks and uncertainties. There can be no assurance that outcomes anticipated in the forward-looking information will occur and actual results may differ materially from those currently anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither Commonwealth Silver nor Auracle undertake any obligation to update publicly or otherwise any forward-looking information, except as may be required by law.
This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Auracle Resources Ltd.For further information:
302-675 West Hastings St., Vancouver, B.C., V6B 1N2
Telephone: 604-682-3131 Fax: 604-682-1816