/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWS WIRE SERVICES/
TSX-V: AAZ
TORONTO, July 7 /CNW/ - African Aura Resources Ltd. ("African Aura" or the "Company", TSX-V: AAZ), a gold exploration company focused on sub-Saharan Africa, announces that it was notified on July 4 2008 by Matthew Grainger and Danesh Varma, both directors of the Company, that they had respectively purchased shares in the Company.
Mr Grainger purchased 83,000 shares July 4, 2008 taking his holding of common shares in the Company to 201,519 shares, which is approximately 0.3% of the Company's current issued and outstanding share capital.
Mr Varma purchased 60,000 shares July 4, 2008 taking his holding of common shares in the Company to 203,982 shares, which is approximately 0.3% of the Company's current issued and outstanding share capital.
About African Aura
African Aura (TSX-V: AAZ.V) has a 'first-mover' exploration strategy, focused on the discovery of economic gold, iron and uranium deposits in sub-Saharan Africa. The Company commenced exploration in 2004 and has established a portfolio of exploration licences totalling approximately 7,800km(2), targeting areas of active artisanal gold mining within Archaean greenstone and Proterozoic volcano-sedimentary belts. The portfolio includes the Batouri gold project in eastern Cameroon, the Fula Camp gold project in western Liberia, and a pipeline of significant prospects for drill testing as well as numerous other gold, uranium and iron ore targets that require follow up exploration. For more information on African Aura we invite you to visit the Company's website at www.african-aura.com.
Forward-Looking Statements
This press release includes certain Forward-Looking Statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralisation and reserves, exploration results and future plans and objectives of African Aura, are forward-looking statements that involve various known and unknown risks and uncertainties as well as other factors. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company has no obligation to update or modify such forward-looking statements, either as a result of new information, future events or for any other reason, and we expressly deny any such obligation in relation thereto. Important factors that could cause actual results to differ materially from African Aura's expectations are disclosed under the heading "Risk Factors" and elsewhere in African Aura's reports and other documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities in Canada.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States absent an exemption from registration.
For more information concerning the reports, or to obtain additional information on the Company, please visit our website at: www.african-aura.com and SEDAR's website at: www.sedar.com or contact the Company directly.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
ContactsAfrican Aura Resources Ltd: John Gray
President & Chief Executive
Tel: +44 (0) 207 239 4722
Cell: +44 (0) 779 616 7811
john.gray@african-aura.com
