VANCOUVER, Dec. 12, 2012 /CNW/ - Auracle Resources Ltd. announces that,
at its election, Commonwealth Silver has elected to terminate
discussions for a proposed business combination as detailed in a
binding letter of intent and announced on October 12, 2012. Each party
is responsible for its own costs related to the transaction and there
is no break fee payable under the terms of the Letter of Intent.
About Auracle Resources Ltd.
Auracle Resources is an exploration company focused on developing
precious metal assets. Auracle has an option to earn a 100% interest
in the Mexican Hat project, located in Cochise County, Arizona, USA.
The Mexican Hat property was initially explored by Placer Dome in the
late 1980's to early 1990's and during this exploration period Placer
Dome identified an historical resource. Auracle continues to develop
its strategy to realize the full mineral potential of the property.
On behalf of the Board of Directors,
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This News Release includes forward-looking information and statements,
which may include, but are not limited to, information and statements
regarding or inferring the future business, operations, financial
performance, prospects and other plans, intentions, expectations,
estimates, and beliefs of the Company, information and statements which
are not purely historical fact are forward-looking statements.
Forward-looking information and statements involve and are subject to
assumptions and known and unknown risks, uncertainties, and other
factors which may cause actual events, results, performance, or
achievements of the Company to be materially different from future
events, results, performance, and achievements expressed or implied by
forward-looking information and statements herein. Although the Company
believes that any forward-looking information and statements herein are
reasonable, in light of the use of assumptions and the significant
risks and uncertainties inherent in such information and statements,
there can be no assurance that any such forward-looking information and
statements will prove to be accurate, and accordingly readers are
advised to rely on their own evaluation of such risks and uncertainties
and should not place undue reliance upon such forward-looking
information and statements. Any forward-looking information and
statements herein are made as of the date hereof, and the Company
assumes no obligation and disclaims any intention to update or revise
any forward-looking information and statements herein, or to update the
reasons that actual events or results could or do differ from those
projected in any forward-looking information and statements herein,
whether as a result of new information, future events or results, or
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
SOURCE: Auracle Resources Ltd.
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