Aurelio Resource Corporation report that the Company has completed the acquisition of a portfolio of ten highly-prospective gold exploration and development projects in Nevada from C3 Resources, Inc.
The C3 Nevada Assets were purchased in exchange for 47,500,000 restricted common shares valued at $0.10/share.
No finder’s fees or commissions were paid in regards to this acquisition.
Stephen Doppler, President and CEO of Aurelio Resource Corporation stated, “The closing of this transaction provides Aurelio with a strong pipeline of gold projects in several of the major gold trends in Nevada, and represents an important step in the company’s strategic transformation to becoming a significant gold exploration and development company. As a result of this acquisition, the board will be strengthened by three highly-qualified and experienced directors who will add value to Aurelio’s projects. We are pleased to have structured this deal, which will create long-term value to both C3 and Aurelio’s shareholders, in these current markets.”