TORONTO, ONTARIO -- (Marketwire) -- 06/14/11 -- Auriga Gold Corp. (TSX VENTURE: AIA) ("Auriga Gold" or the "Company") is pleased to announce that it has extended its warrant exercise program (the "Warrant Program") previously disclosed in its press releases dated April 29, 2011 and May 6, 2011. As previously announced the Warrant Program is designed to encourage the early exercise of up to 14,869,747 of its outstanding unlisted warrants that are exercisable at a price of $0.40 per share (the "Unit Warrants") and up to 1,271,196 of its outstanding unlisted warrants that are exercisable at a price of $0.45 per share (the "FT Unit Warrants"). All of the Unit Warrants and the FT Unit Warrants (collectively, the "Warrants") are exercisable to acquire one common share of the Company and expire between October 6 and October 12 of 2012. All non-US resident holders of Warrants are offered an incentive consisting of a cash payment of C$0.05 per Warrant exercised (the "Cash Incentive") to encourage the early voluntary exercise of the Warrants for a period commencing May 6, 2011 and ending 5:00 p.m. (Toronto time) on June 3, 2011 (the "Early Exercise Period"). The Company has decided that in order to allow its warrantholders additional time to take advantage of the Warrant Program, the Company will extend the deadline to participate in the Warrant Program until 5:00 p.m. (Toronto time) on June 17, 2011.
About Auriga Gold
Auriga Gold is a Canadian mine development and exploration company with an experienced team focused on expanding gold resources and developing the combined Puffy Lake and Nokomis properties (the "Maverick Gold Project"). The Company plans to upgrade and expand the historic resources at the Maverick Gold Project and bring the Puffy Lake Mine back into production.
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. This press release is not and is not to be construed as an offer to buy or sell securities in the United States.
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.
Contacts:
Auriga Gold Corp.
Dr. Richard H. Sutcliffe
President and CEO
416-214-2785
info@aurigagold.ca
Auriga Gold Corp.
Alison Tullis
Manager, Investor Relations
416-214-2785
atullis@aurigagold.ca
www.aurigagold.ca