SCOTTSDALE, Ariz., May 31, 2012 /PRNewswire/ -- AER Energy
Resources, Inc. (PINKSHEETS: AERN) announced today that its
subsidiary Global Wealth Group, Inc.(GWG) has signed an MOU with
Avenill Ventures, LLC (AVL) with Gold operations in Lima, Peru.
GWG has agreed in principal, pending final due-diligence and
approval from AERN's board, to fund the initial and expected rapid
growth rate of AVL's new "Retail" raw gold sales. Previously AVL
has been selling gold to refiners in Lima, Peru and Los
Angeles, CA. Raw gold prices are often 5-7% below Spot
prices in this wholesale market but with this new 50/50 JV between
the parties; AVL will now be able to sell larger quantities and
receive 10-15% above daily Spot gold pricing. That represents on
average approximately 20% higher margins for the sale of raw gold
extracted from the mines in Peru.
With gold priced at $1565/oz. the new
raw gold retail sales JV will amount to an improvement of over
$300(US) per oz.
Stanley F. Wilson, AER Energy
Resources, Inc., President stated, "It is encouraging to see that
our GWG subsidiary has accomplished this new commodities JV with a
quality Gold brokerage company. We remain committed to execute our
O&G business plan and expect 100BOPD by the end of Q2, 2013.
This additional revenue stream from GWG will significantly assist
in accomplishing those goals."
The JV expects to sell approximately 70 oz of raw gold monthly
or an annual increase in gold revenues of an additional
$250,000. Gross sales are expected to
exceed $1,400,000 with improving Spot
gold pricing over the next 12 months.
ABOUT AER ENERGY RESOURCES, INC.
AER Energy Resources, Inc. (www.aernenergy.com) is a diversified
holding company with an emphasis on oil and gas exploration,
drilling, well completion and fuel distribution as well as rare
earth commodities
sales.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The words or phrases "would be," "would allow," "intends to", "will
likely result," "are expected to," "will continue," "anticipate,"
"expect," "estimate," "project," "indicate," "could,"
"potentially," "should," "believe," "considers," or similar
expressions are intended to identify "forward-looking statements."
Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and
uncertainties. These include the company's historic lack of
profitability, end user customer acceptance and actual demand,
which may differ significantly from expectations, the need for the
company to manage its growth, the need to raise funds for
operations and other risks within the regulation of the industry.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Company's
past performance is not necessarily indicative of its future
performance. The Company does not undertake, and the Company
specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
events or circumstances after the date of such statement.
For Further Information Contact:
AER Energy Resources, Inc.
info@aerenergyresources.com
SOURCE AER Energy Resources, Inc.