Toronto, Ontario--(Newsfile Corp. - April 10, 2024) - Aurelius Minerals Inc. (NEX: AUL.H) (the "Company" or "Aurelius") announced today that Mr. Grant Hall has been appointed as a director.
Mr. Hall is currently President and CEO of Canada Energy Partners Inc. ("CEP"). CEP is a NEX company that is building a portfolio of low risk, validated hydrocarbon basins (onshore/offshore) assets, with the goal of creating value for shareholders. Mr. Hall is a former investment advisor and has been actively engaged in several public sector businesses, including mining, for over fifteen years. Aurelius looks forward to Mr. Hall's extensive experience in assisting Aurelius to resolve its current financial difficulties and to manage the difficult capital markets at this time for junior mineral exploration companies.
About Aurelius
As previously announced on April 25, 2023, Aurelius was not able to file their annual financial statements, accompanying management's discussion and analysis and related CEO and CFO certifications (collectively, the "2022 Annual Consolidated Financial Statements") for the financial year ended December 31, 2022. On May 8, 2023, the TSX Venture Exchange (the "Exchange") suspended trading in the Company's securities as a result of a Cease Trade Order issued by the British Columbia and Ontario Securities Commissions. Aurelius was unable to complete a reinstatement to Exchange Tier 2 and was unable to meet Tier 2 Continued Listing Requirements by August 10, 2023. As a consequence, on November 29, 2023, the Company's listing was transferred the NEX. Trading in the Company's securities remains suspended.
Aurelius is a gold exploration company which holds the Aureus Gold Properties, including Aureus East and West and the Forest Hill Gold Project located in Nova Scotia. Aurelius also holds a gold project in the Abitibi Greenstone Belt in Ontario, Canada, one of the world's most prolific mining districts; the 968-hectare Mikwam Property, in the Burntbush area on the Casa Berardi trend.
Neither TSX Venture Exchange - NEX 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.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" under the provisions of applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Aurelius, statements made in this press release regarding the timing, review, completion and filing of the Required Filings; and the Company's ability to settle its account with its auditor and completion of the audit of the 2022and 2023 Annual Consolidated Financial Statements. All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Aurelius within the meaning of applicable securities laws, including statements with respect to not filing the 2022 and 2023 Annual Consolidated Financial Statements within the timing discussed above. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" , "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" , "believes", or variations or comparable language of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-Looking information is necessarily based upon a number of factors and assumptions that, if untrue, could cause the actual results, performances or achievements of Aurelius to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Aurelius will operate in the future, including the price of gold, anticipated costs and ability to achieve goals.
Aurelius' ability to carry on its business in future as a going concern is dependent upon its ability to obtain the necessary financing to conduct future exploration work, to fund its corporate overhead and commitments and to discharge its liabilities as they come due. Although it had been successful in raising financing from 2016 through 2022, there is no assurance it will be able to do so in the future. The Company's ability to continue operations in the normal course of business and repay its liabilities is dependent upon its ability to continue to raise adequate financing. The Company provides forward-looking information for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Aurelius to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: not filing the 2022 and 2023 Annual Consolidated Financial Statements and subsequent Interim Consolidated Financial Statements and the risks and uncertainties identified and reported in Aurelius' public filings under Aurelius' SEDAR+ profile at www.sedarplus.ca. Although Aurelius has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated. Forward-Looking statements are made as of the date made and, accordingly, are subject to change after such date. Aurelius disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
