March 21, 2011 / 3:46 PM / in 7 years

UPDATE 1-AuRo Resources to buy 3 mines in Colombia

* Enters into LOI with Minerales Del Puerto

* Says to pay $1.3 mln, issue up to 6.5 mln shares

* Says all 3 mines are next to flagship El Tesoro project (Adds details)

March 21 (Reuters) - Canada’s AuRo Resources agreed to buy two mines and a majority stake in a third mine in Colombia from Minerales Del Puerto for up to $1.3 million and not exceeding 6.5 million shares.

The junior explorer said it would acquire the La Alejandria and El Mulatos mines and a 90 percent interest in the Argentina mine, all of which are located next to its El Tesoro project in Colombia.

Shares of the Vancouver, British Columbia-based AuRo were up nearly 3 percent at 19.5 Canadian cents on Monday on the Toronto Stock Exchange. (Reporting by Abhiram Nandakumar; Editing by Prem Udayabhanu) (abhiram.nandakumar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: abhiram.nandakumar.thomsonreuters.com@reuters.net)

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