AURELIO COMPLETES $1.5 MILLION PRIVATE PLACEMENT
FINANCING WITH INSTITUTIONAL INVESTORS
LITTLETON, COLORADO, February 27, 2008 News Release #08-05
Aurelio Resource
Corporation (OTCBB : AULO, Frankfurt : F3RA)
is pleased to announce that the Company has closed a US$1.5
million convertible debenture financing with three U.S.-based institutional
investors (the “Investors”).
Proceeds of the financing
will be used to further explore and develop the Company’s wholly-owned
Hill Copper-Zinc Project, located in the Turquoise Mining District of Cochise
County, Arizona,
and, for general corporate purposes, including working capital.
The debentures have a sixteen
month term, with an interest rate of ten percent per annum (payable quarterly),
and begin monthly amortization after six months. The debentures are
convertible into shares of Aurelio common stock at a conversion price of US$0.30
per share. Additionally, the Investors have received Series A Warrants,
priced at $0.35 per share that can be exercised six months after Closing and
have a term of five years. The Series B warrants are immediately
exercisable at $0.35 per share and have a term of eighteen months.
The exclusive placement
agent for the financing was Rodman & Renshaw, LLC, a wholly-owned subsidiary
of Rodman & Renshaw Capital Group, Inc. (Nasdaq: RODM).
In connection with this
financing, the Company has agreed to file a registration statement with the
Securities and Exchange Commission covering the resale of the shares of common
stock to be issued upon conversion of the debentures, and the shares of common
stock underlying the warrants. This press release does not and will not
constitute an offer to sell or the solicitation of an offer to purchase any
securities of Aurelio.
For additional
information, please refer to Aurelio's current report on Form 8-K to be filed
with the Securities and Exchange Commission with respect to this transaction.
About The Company
Aurelio Resource
Corporation is a mineral exploration company focused on fast-track development
of its wholly-owned Hill Copper-Zinc Project, which the Company believes
contains a number of low-cost, bulk-tonnage, open-pit-mineable deposits close
to surface containing significant amounts of copper, zinc, silver and
gold. The Company has previously announced an independent estimate of the
mineralized material at the MAN Area of the Project totaling 63.8 million tons
at an average grade of 0.56% copper-equivalent. Aurelio has also acquired
the rights to explore, and an option to purchase, the Gavilanes gold porphyry
deposit in Durango, Mexico.
On behalf of the Board of Directors of Aurelio Resource Corporation
Contacts:
Stephen Doppler Diane
Dudley Rodman
& Renshaw, LLC
President & CEO Investor
Relations info@RodmanAndRenshaw.com
303-795-3030 303-945-7273
(direct) 212-356-0530
800-803-1371 303-945-7270
(fax)
For additional information,
please visit our website (www.AurelioResource.com)
and/or send an email to DianeD@AurelioResource.com..
Notice
Regarding Forward Looking Statements
Statements
in this news release that are not historical are forward-looking statements.
Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes",
"intends", "estimates", "projects",
"aims", "potential", "goal",
"objective", "prospective", and similar expressions,
or that events or conditions "will", "would",
"may", "can", "could" or "should"
occur. Information inferred from the interpretation of drilling results
and information concerning mineral resource estimates may also be deemed to be
forward-looking statements, as it constitutes a prediction of what might be
found to be present when and if a project is actually developed. Forward-looking
statements in this news release include: that our property contains a number of
potentially low-cost, bulk-tonnage, open-pit-mineable deposits close to surface
containing significant amounts of copper, zinc, silver and gold; and, the
filing of a registration statement.
It is
important to note that the Company's actual outcomes may differ materially from
those statements contained in this press release. Factors which may delay
or prevent these forward looking statements from being realized include
misinterpretation of data; that we may not be able to keep our qualified
personnel; that funds expected to be received may not be; that our estimates of
mineral resources are inaccurate; uncertainties involved in the interpretation
of drilling results and other tests and the estimation of resources; that
we may not be able to get equipment or labor as we need it; that we may not be
able to raise sufficient funds to complete our intended exploration, purchase,
lease or option payments; that our applications to drill may be denied; that
weather, logistical problems or hazards may prevent us from exploration; that
analysis of data cannot be done accurately and at depth; that results which we
have found in any particular location are not necessarily indicative of larger
areas of our property; and that despite encouraging data there may be no
commercially exploitable mineralization on our properties. Readers should
refer to the risk disclosures outlined in the Company's most recent Form 10-KSB
and Form 10-QSB filed with the Securities and Exchange Commission.
Rodman & Renshaw, LLC may make a market in the securities of the
Company; additionally, Rodman & Renshaw, LLC and/or its officers or
employees, may have positions in the securities of Aurelio Resource Corporation.
Regards,
Diane G. Dudley
Investor Relations
Aurelio Resource
Corporation
Direct Line: 303-945-7273
Toll Free: 1-800-803-1371
Email: dianed@aurelioresource.com
stock traded as AULO
on Over the Counter Bulletin Board (OTCBB)
Web site: www.aurelioresource.com