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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (34978)	3/5/2007 2:43:25 PM
From: AuBug	Read Replies (1) \| Respond to of 78419

Aurogin and Morgain to Merge Monday March 5, 1:47 pm ET Merger of Equals Creates New Gold Company-Increased Production and Expanded Reserve Base Set To Grow Shareholder Value TORONTO, ONTARIO--(CCNMatthews - March 5, 2007) - Aurogin Resources Ltd. ("Aurogin") (TSX VENTURE:AUQ - News) and Morgain Minerals Inc. ("Morgain") (TSX VENTURE:MGM - News) are pleased to announce that their Boards of Directors have unanimously approved a letter of intent to combine the companies in a merger of equals to create a new gold producer ("Newco"). Highlights: Upon successful completion of the transaction and continued execution of existing operating and development plans, on a proforma basis, Newco will have the following attributes: - Measured and indicated resources of greater than 1 million ounces of gold with additional indicated resources of 470,000 ounces of gold (see table below); - In 2007, two operating gold mines located in Mexico and Guatemala; - Excellent pipeline of exploration and development projects including Fortuna in Mexico and the El Arenal, Bridge and Lupita Zones in Guatemala; - 2007 estimated gold production of 35,000 ounces, with Newco's share being 22,000 ounces growing to 35,000 ounces in 2008; - Immediate operating and management synergies; and - Three year goal of 100,000 ounce annual gold production. ...etc etc biz.yahoo.com