Aurado tops up till

Aurado Exploration (AEO-T) has raised over $2 million by issuing 41 million common shares at 5 apiece.

The private placement is the first tranche of a larger offering of up to 50 million treasury shares. The remaining 9 million shares, which are also priced at 5 each, will be issued upon receipt of regulatory and shareholder approval.

Following the placement, David Robinson has replaced Paul Conroy as a director of Aurado. Robinson is the President and Chief Executive Officer of Calgary-based Tracer Petroleum, which is active in the Middle East.