March 11 (Reuters) - Rigel Resource Acquisition Corp ( RRAC )

:

* RIGEL RESOURCE ACQUISITION CORP ( RRAC ) - AUROUS TO GO PUBLIC VIA

BUSINESS COMBINATION WITH RIGEL RESOURCE ACQUISITION CORP

* RIGEL RESOURCE ACQUISITION CORP ( RRAC ) - TRANSACTION VALUES

AUROUS AT

A PRE-MONEY EQUITY VALUE OF $362 MILLION

* RIGEL RESOURCE ACQUISITION CORP ( RRAC ) - AUROUS' EXISTING

MANAGEMENT

LED BY CEO, RICHARD FLOYD, EXECUTIVE CHAIRMAN, ALAN SMITH, TO

CONTINUE TO LEAD BUSINESS

* RIGEL RESOURCE ACQUISITION CORP ( RRAC ) - AT CLOSING OF THE

TRANSACTIONS

NEWCO IS EXPECTED TO CHANGE ITS NAME TO AUROUS RESOURCES

* RIGEL RESOURCE ACQUISITION CORP ( RRAC ) - AT CLOSING OF THE

TRANSACTIONS

NEWCO ORDINARY SHARES ARE EXPECTED TO BE LISTED ON NASDAQ

Further company coverage: