Aurelio Resource Corporation was pleased to announced today that it has acquired a portfolio of ten highly-prospective gold exploration and development projects in Nevada from C3 Resources, Inc. The assets were purchased in exchange for 47,500,000 restricted common shares valued at $0.10 per share.
Stephen Doppler, President and CEO of Aurelio Resource Corporation stated, â€œThe 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 companyâ€™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 Aurelioâ€™s projects. We are pleased to have structured this deal, which will create long-term value to both C3 and Aurelioâ€™s shareholders, in these current markets.â€