SOURCE:
Aultra Gold Inc.
2008-08-18 08:00:00
JACKSONVILLE, OR–(EMWNews – August 18, 2008) – The Board of Directors of Aultra Gold Inc.
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financial and strategic alternatives for the Company, evaluating its
current capital structure and strategic plan, in light of the current
capital markets’ environment for junior gold exploration companies.
Said Rauno Perttu, President, “We have witnessed dramatic changes in gold
prices over the last three months; we must evaluate how we develop our
projects, given the capital intensive nature of our enterprise. We must
evaluate all potential funding strategies with respect to our near-term and
long-term objectives.”
Added Mr. Perttu, “We have charged our Board to explore and evaluate
various financial and strategic alternatives for the Company and report
back within the next two weeks. We are at a critical juncture in the
development of the Company.”
Aultra does not intend to comment further publicly with respect to any
potential financial and strategic alternatives unless a specific
transaction is approved by its Board of Directors.
On behalf of the Board,
Rauno Perttu, President
Forward-Looking Statements
Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties.
Words such as “expects,” “intends,” “plans,” “may,” “could,” “should,”
“anticipates,” “likely,” “believes” and words of similar import also
identify forward-looking statements. Forward-looking statements are based
on current facts and analyses and other information that are based on
forecasts of future results, estimates of amounts not yet determined and
assumptions of management, including, but not limited to, the Company’s
belief that Aultra Gold Inc. will be successful in its exploration and
definition drilling. Actual results may differ materially from those
currently anticipated due to a number of factors beyond the reasonable
control of the Company. Additional information on risks and other factors
that may affect the business and financial results of the Company can be
found in filings of the Company with the U.S. Securities and Exchange
Commission.
| Contact Information: Aultra Gold Inc. 120 North Fifth Street Jacksonville, Oregon 97530 Telephone (541) 899-2094 Fax (541) 899-8124 |
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