African Aura announces third quarter financial results



    
    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
    NEWS WIRE SERVICES/

    TSX-V: AAZ
    

    TORONTO, May 28 /CNW/ - African Aura Resources Ltd. ("African Aura" or
the "Company") (TSX-V: AAZ) announces today the filing of its 3rd quarter
interim financials for the period ending March 31, 2009. Third quarter
highlights include:

    
        -  Letter of intent signed to merge with Mano River Resources Inc
           (TSX-V: MNO/ AIM: MANA)

        -  Appointment of Chief Financial Officer and Chief Operating Officer

        -  Withdrawal of unsolicited take-over bid by Northern Financial
           Corporation

        -  Company continues to preserve cash with US$5.1M at the end of the
           period

        -  Further encouraging results from Nkout iron project in southern
           Cameroon

        -  Drilling at Batouri gold project targets high grade quartz veins
           in eastern Cameroon
    

    John Gray, Chief Executive Officer, commented:
    "We have strengthened our financial controls and are moving ahead with
the planned merger with Mano River. Our operations are working under tight
budgetary control with the intention of increasing shareholder value whilst
conserving cash for post merger plans. We will report further on iron and gold
projects in due course."
    African Aura's interim consolidated financial statements and management
discussion and analysis for the interim period ended as at March 31, 2009 are
available on the Company's Web site at www.african-aura.com as well as on the
SEDAR site, at www.sedar.com.

    Forward-looking Statements

    This press release includes certain forward looking statements. All
statements, other than statements of historical fact, included herein,
including without limitation statements regarding potential production and
mine life, future plans and objectives of African Aura and/ or Mano, are
forward-looking statements that involve various known and unknown risks and
uncertainties as well as other factors. Such forward-looking statements
include statements concerning the completion of the merger, the merged
company's ability to complete future mergers and acquisitions, improvements to
the liquidity in trading of the merged company's shares, the merged company's
objectives and plans (including applying for the listing of its shares on the
Toronto Stock Exchange), the completion of the bankable feasibility studies at
New Liberty and/or Putu and potential gold production from New Liberty. Such
forward-looking statements are subject to a number of risks and uncertainties
that may cause actual results or events to differ materially from current
expectations, including the failure of African Aura and Mano to negotiate
definitive agreements, delays in obtaining or failure to obtain required
regulatory and shareholder approvals, the merger not being consummated, the
failure of the merged company to apply for, and/or obtain, the listing of its
shares on the Toronto Stock Exchange, the trading prices of the shares of
African Aura and/or Mano changing thereby decreasing or increasing the implied
price of the merged company's shares and/or the relative value of the Northern
Offer, the trading prices of the shares of African Aura and/or Mano changing
thereby decreasing or increasing the implied price of the merged company's
shares and/or the relative value of the Northern Offer, Severstal Resources
electing to discontinue investing in Putu and/or the failure to complete
positive bankable feasibility studies at New Liberty and/or Putu. There can be
no assurance that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in such
statements. Any forward-looking statements speak only as of the date hereof
and, except as may be required by applicable law, African Aura disclaims any
obligation to update or modify such forward-looking statements, either as a
result of new information, future events or for any other reason.

    
    Neither 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 release.
    





For further information:

For further information: African Aura Resources Ltd., John Gray,
President & CEO, Tel: +44 (0) 1235 511 915, Cell: +44 (0) 779 616 7811,
john.gray@african-aura.com

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