UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 10-K

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x	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
	ACT OF 1934
For the fiscal year ended: October 31, 2015
or

	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
	ACT OF 1934
For the transition period from: _____________ to _____________

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended: October 31, 2013

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from: _____________ to _____________

Commission File Number: 000-53861

AURUM, INC.

(Exact name of Registrant as specified in its charter)

———————

Delaware		27-1728996
(State or Other Jurisdiction		(I.R.S. Employer
of Incorporation or Organization)		Identification No.)

Level 81A, ~~580~~42 StMoray ~~Kilda~~Street, ~~Road Melbourne~~Southbank, Victoria, ~~3004,~~3006 Australia

(Address of principal executive offices) (Zip Code)

011 (613) 8532 ~~2800~~2878

(Registrant’s telephone number, including area code)

———————

N/A

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: Title of each class Common Stock, par value $.0001 per share

Securities registered pursuant to Section 12(g) of the Act:

Title of each class

Common Stock, par value $.0001 per share

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

☐ Yes ☒ No

o Yes x No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

o☐ Yes x☒ No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

☐ Yes ☒ No

x Yes o No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data file required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for any such shorter period that the registrant was required to submit and post such file).

x☒ Yes o☐ No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

o☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer o☐ Accelerated filer o☐ Non-accelerated filer o☐ Smaller reporting company x☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

o☐ Yes x☒ No

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter.

The aggregate market value based on the average bid and asked price on the over-the-counter market of the Registrant’s common stock (“Common Stock”) held by non-affiliates of the Company was US$12,~~320~~000,000 as at April 30, ~~2013~~2015.

There were ~~105~~135,~~600~~850,000 outstanding shares of Common Stock as of ~~January~~September 2822, ~~2014~~2017.

APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

o☐ Yes o☐ No

DOCUMENTS INCORPORATED BY REFERENCE

Not Applicable

_____________________

INDEX

PART I
Item 1.	Business	1
Item 1A.	Risk Factors	74
Item 1B.	Unresolved Staff Comments	127
Item 2.	Properties	128
Item 3.	Legal Proceedings	138
Item 4.	Mine Safety Disclosures	138
PART II
Item 5.	Market for Common Equity and Related Stockholder Matters	149
Item 6.	Selected Financial Data	1510
Item 7.	Management’s Discussion and Analysis of Financial Condition and Plan of Operation	1611
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	1915
Item 8.	Financial Statements	1915
Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	2015
Item 9A.	Controls and Procedures	2015
Item 9B.	Other Information	2016
PART III
Item 10.	Directors, Executive Officers and Corporate Governance	2117
Item 11.	Executive Compensation	2420
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	2622
Item 13.	Certain Relationships and Related Transactions, and Director Independence	2724
Item 14.	Principal Accounting Fees and Services	28
PART IV
Item 15.	Exhibits, Financial Statement Schedules	3031
SIGNATURES		31

PART I

Information Regarding Forward Looking Statements

This report and other reports, as well as other written and oral statements made or released by us, may contain forward looking statements. Forward looking statements are statements that describe, or that are based on, our current expectations, estimates, projections and beliefs. Forward looking statements are based on assumptions made by us, and on information currently available to us. Forward-looking statements describe our expectations today of what we believe is most likely to occur or may be reasonably achievable in the future, but such statements do not predict or assure any future occurrence and may turn out to be wrong. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. The words "believe," "anticipate," "intend," "expect," "estimate," "project", "predict", "hope", "should", "may", and "will", other words and expressions that have similar meanings, and variations of such words and expressions, among others, usually are intended to help identify forward-looking statements.

Forward-looking statements are subject to both known and unknown risks and uncertainties and can be affected by inaccurate assumptions we might make. Risks, uncertainties and inaccurate assumptions could cause actual results to differ materially from historical results or those currently anticipated. Consequently, no forward-looking statement can be guaranteed. The potential risks and uncertainties that could affect forward looking statements include, but are not limited to:

§	the risks of mineral exploration stage projects,
§	political risks in foreign countries,
§	risks associated with environmental and other regulatory matters,
§	exploration risks and competitors,
§	the volatility of gold and other mineral prices,
§	availability of financing,
§	movements in foreign exchange rates,
§	increased competition, governmental regulation,
§	performance of information systems,
§	ability of the Company to hire, train and retain qualified employees,
§	the availability of sufficient transportation, power and water resources, and
§	our ability to enter into key exploration and supply agreements and the performance of contract counterparties.

In addition, other risks, uncertainties, assumptions, and factors that could affect the Company's results and prospects are described in this report, including under the heading “Risk Factors” and elsewhere and may further be described in the Company's prior and future filings with the Securities and Exchange Commission and other written and oral statements made or released by the Company.

We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date of this document. The information contained in this report is current only as of its date, and we assume no obligation to update any forward-looking statements.

Item 1 Business

General

Our name is Aurum, Inc. and we sometimes refer to ourselves in this Annual Report as “Aurum”, the “Company” or as “we,” “our,” or “us.”

We were incorporated in the State of Florida on September 29, 2008 under the name Liquid Financial Engines, Inc. (“Liquid”) and we changed our name to Aurum, Inc. (“Aurum”) and our State of domicile to the State of Delaware~~, effective as of January 20, 2010~~.

Description of Business

Background

Aurum, Inc. ~~is an exploration stage company and~~ was incorporated in Florida to initially develop and market financial software systems for banks, brokerage firms, pension funds, family offices, and hedge funds.

In July 2009, Golden Target Pty Ltd, an Australian corporation ("Golden") acquired a 96% interest in Aurum from Daniel McKelvey and certain other stockholders. Mr. McKelvey resigned as Sole Director and Officer of Aurum, Joseph Gutnick was appointed President, Chief Executive Officer and a Director and Peter Lee was appointed Chief Financial Officer and Secretary. In March 2011, the Company appointed Simon Lee as Chief Financial Officer. Peter Lee resigned as Chief Financial Officer but agreed to remain as Secretary. In June, 2011, the Company appointed Craig Michael as Chief Executive Officer and accepted his resignation in April 2012.

Commencing August 2009, the Company decided to focus on mineral exploration for gold and copper in the Lao Peoples Democratic Republic. ~~The Company’s planned operations have not commenced and are considered to be in the exploration stage.~~

On January 20, 2010, the Company re-incorporated in the State of Delaware (the “Reincorporation”) through a merger involving Liquid Financial Engines, Inc. (“Liquid”) and Aurum, Inc., a Delaware Corporation that was a wholly owned subsidiary of Liquid. The Reincorporation was effected by merging Liquid with Aurum, with Aurum being the surviving entity. For purposes of the Company’s reporting status with the Securities and Exchange Commission, Aurum is deemed a successor to Liquid.

Strategy

Aurum is primarily engaged in mineral exploration for gold and copper in the Lao Peoples Democratic Republic (Lao P.D.R or Laos).

Based upon publicly available information and the experience of Company personnel, the Company believes that Laos has significant potential for gold and copper discoveries and is a highly under explored nation with respect to all mineral commodities. Laos has a long history of artisanal mining for gold and copper and numerous occurrences of these commodities have been recorded throughout the country. Only recently has Laos initiated a unified national geological and mineral resource knowledge database. The Laos government now sees the development of this knowledge combined with foreign investment into mineral exploration and development as integral to the future economy of Laos.

Current successful foreign owned mining operations in Laos, which are not affiliated with the Company, are the Sepon Copper Gold Mine in lower central Laos which produces approximately 65,000 tonnes of copper cathode and 100,000 ounces of gold per year and the Phu Kham mine in central northern Laos which is currently producing 60,000 tonnes of copper in concentrate and approximately 60,000 ounces of gold and 400,000 ounces of silver. Other smaller operations also exist throughout Laos as joint ventures between Laos and Vietnam or China.

Aurum considers Laos to be one of the few remaining countries in the world that has favourable geology in under explored areas containing high potential for world class undiscovered gold and copper ore bodies. Utilising this knowledge, in conjunction with management’s prior experience in operating exploration logistics within Laos, has led the Company to pursue the many opportunities available in this country. Aurum has built significant relationships with the Lao government and local Lao contractors and is actively developing partnerships with these stakeholders. Relationships with these key stakeholders are considered integral for any successful mineral exploration venture in Laos.

Aurum has a registered representative office and an experienced mineral exploration team based in the capital city Vientiane. Exploration activities officially began in September 2009 and the Company has quickly rationalised target mineralisation styles for project generation and defined appropriate regions in which to stake mineral claims. The current exploration strategy is to target gold deposits which are ideally greater than 1 million ounces of gold, and copper deposits greater than 800,000 tonnes of contained copper. The following mineralisation styles have been targeted as the most prospective in Laos:

● Sediment Hosted gold, Carlin Style gold, i.e. Sepon Mine, Laos. ● Epithermal gold, i.e. Chatree Mine, Thailand. ● Granite Related, Hydrothermal/Mesothermal gold, i.e. Lak Sao area, Laos. ● Skarn copper/gold, i.e. Phu Kham Mine, Laos. ● Supergene Exotic copper, i.e. Sepon Mine, Laos. ● Porphyry gold/copper/molybdenum, i.e. Sepon Mine, Laos.

Recognition of the potential size of the resource endowment contained in the Loei-Luang Prabang belt (See Figure 1) is growing due to the recent history of major discoveries and mining developments by companies that Aurum is not affiliated with. On the Thailand side of the belt several prominent and highly profitable mining operations and feasibility stage projects are currently underway, including Kingsgate Consolidated's Ltd expanding Chatree gold mine and PanAust Ltd’s Puthep Cu-Au deposit (See Figure 1). On the Laos side, PanAust Ltd has two active mining operations, Phu Kham Cu-Au mine and Ban Houayxai Au mine, and an impressive portfolio of advanced stage exploration/resource projects. In addition to these major projects, there are numerous mineral occurrences with small scale mining operations all along the Loei-Luang Prabang belt. This list of significant resource and mine developments coupled with the highly underexplored nature of Laos highlights the exciting mineral potential of this region.

Corporate Developments

In December 2010, the Company executed a Management and Shareholders Agreement with Argonaut Overseas Investments Ltd (“AOI”), an indirectly wholly owned subsidiary of Argonaut Resources N.L., in respect to Argonaut’s 70% held, 55,105 acre Century Concession in Laos.

The agreement ~~appoints~~appointed Aurum as the manager of the Century Thrust Joint Venture Agreement, which ~~currently~~existed ~~exists~~ between Argonaut and two other parties, and ~~gives~~gave the Company the right to earn 72.86% of AOI’s interest in the Joint Venture which iswas equivalent to a 51% beneficial interest in the Century Concession. In order to acquire this interest, Aurum ~~may~~was be required to spend US$6.5 million on exploration within five years.

OnThe ~~February~~Century ~~10,~~Concession ~~2011,~~has expired and the Company ~~entered~~has ~~into~~been anegotiating ~~Deed of Agreement~~ with the ~~shareholders of the~~ Lao ~~Inter~~Government ~~Mining Options Ltd (“LIMO”) which grants Aurum an option~~ to ~~purchase~~renew ~~LIMO’s 20% interest in~~ the ~~Joint Venture. This Agreement, in conjunction with the Management and Shareholders Agreement with AOI enables Aurum to acquire, at its option, a 71% beneficial interest in the Century~~ Concession. ~~In August 2011, the Company made the last option payment of $135,000.~~ The Company ~~had~~has 60recently ~~days~~been ~~from~~advised ~~the~~that ~~date of~~ the ~~last~~Government ~~option~~does ~~payment~~not tointend ~~exercise the option~~ to ~~purchase~~renew ~~20% of~~ the ~~Joint Venture for $1~~Concession.35 ~~million,~~As ~~inclusive~~a ~~of the previously paid option fees of $405~~result,~~000.~~ ~~On October 24, 2011,~~ the Company ~~executed~~no alonger ~~Deed~~has ofany ~~Variation~~exploration ofinterests ~~Call Option extending the exercise date of the Option to April 24, 2012, for consideration of $55,000 for each month extended. The Company did not exercise the option due to delays~~ in ~~acquiring assay results and the time required to adequately assess the program~~Laos.

3On April 1, 2016 the Company announced that it had entered into an agreement with an Israeli company, PayItSimple Ltd and its subsidiaries (PayItSimple) whereby the Company would invest $15 million directly into PayItSimple by September 5, 2016 to acquire a 30% interest in PayItSimple, and a further $7.5 million into PayItSimple over 18 months to acquire a further 10% interest in PayItSimple, taking its holding to 40% of interest in PayItSimple. PayItSimple owns a business known as Splitit. On April 6, 2016 the Company terminated the proposed acquisition of PayItSimple.

~~Project~~On ~~Developments~~June 27, 2016 the Company announced that it had entered into a binding term sheet with the shareholders of an Israeli company, Humavox Ltd (Humavox), a company that creates wireless charging solutions. In accordance with the proposed acquisition of Humavox, Aurum would acquire 100% of the shares of Humavox and 100% of the warrants and options to acquire shares of Humavox in exchange for the issue of shares of common stock of Aurum representing 50% of the shares of common stock of Aurum post issue on a fully-diluted basis, including the investment of an amount of US$16 million in Humavox. The investment would take place in unconditional instalments over a period of 24 months following the closing. The closing of the merger was subject to certain closing conditions, including the investment in Humavox of the first instalment of the investment in the amount of $5.5 million. On July 29, 2016 the Company terminated the proposed acquisition of Humavox.

The Century project is currently Aurum’s flagship project and has been the focus of Aurum’s exploration work this year. Aurum continues to generate other regional prospects in Laos and hopes to obtain exploration rights for these projects in the near future.2

~~Century~~On isJuly ~~located~~19, ~~approximately~~2017, ~~150~~the kmCompany ~~north~~entered ~~west~~into ofa ~~the~~Term ~~capital~~Sheet ~~city~~with ~~Vientiane~~Lior onWayn, ~~the~~Erez ~~highly~~Glazer ~~prospective~~and ~~Loei-Luang~~Dr ~~Prabang~~Guy ~~fold~~Shalom, ~~belt~~(collectively, athe ~~prominent,~~‘’Sellers”) for ~~regionally~~the ~~mineralized~~acquisition ~~belt,~~of ~~which~~all ~~stretches~~of ~~from~~the ~~Thailand~~issued inshares ~~the~~of ~~south,~~a medical technology business. The Company has a 120 day period to ~~Laos~~conduct indue ~~the~~diligence ~~north~~and ~~(See~~negotiate ~~Figure~~a 1)formal share sale agreement.

The ~~permit~~purchase ~~for~~price ~~the~~is ~~Century~~up ~~Concession~~to ~~expired~~USD$7,500,000 ~~during~~which ~~the~~is ~~course~~to ofbe ~~the~~satisfied ~~2013~~as ~~fiscal year and the Company and AOI are currently going through the renewal process with Laos government.~~follows:

4a) The sum of USD$100,000 payable to the Sellers for due diligence expenses, 30 business days from the execution of the Term Sheet;

Atb) ~~the~~A ~~time~~further ~~that~~USD$100,000 ~~Aurum~~each ~~entered~~month ~~into~~after the ~~Management~~date ~~and Shareholders Agreement with AOI~~ in ~~December~~a) ~~2010~~above ~~Century was an advanced stage exploration project with four priority areas ‘drill-ready’~~ for ~~early~~due ~~resource~~diligence ~~definition drilling. Numerous extremely encouraging high grade gold intersections~~expenses, ~~which had been reported by previous explorer Argonaut Resources NL, were ready~~ for ~~immediate~~3 ~~follow up. A valuable~~months, ~~high~~payable ~~quality~~to ~~geological~~the ~~database~~Sellers ~~had~~for ~~been~~working ~~collected~~capital from multiple previous exploration programs involving soil sampling, pan concentrate sampling, stream sediment sampling, rock-chip sampling, topographic surveying, geological mapping, trenching, and drilling.purposes;

5c) An issue of fully paid ordinary shares of common stock of the Company to the value of USD$2,500,000 (less any payments made to the Sellers under (a) and (b) above) to the Sellers at an issue price of USD$0.22 per share of common stock (Consideration Shares);

~~Aurum~~d) ~~prioritised~~The ~~this~~issue ~~year’s~~to ~~exploration efforts on~~ the ~~Century~~Sellers ~~prospect areas~~ of ~~Nam~~shares ~~Hone followed by Khohke, Ang Noi and Houay Khouay (See Figure 2). At Nam Hone an extensive 1,300 hole soil auger program is complete. This program has completed infill sampling across the full extent~~ of ~~the~~common ~~known~~stock ~~gold in soil anomaly previously identified by Argonaut Resources NL and had been extended~~ to the ~~north~~equivalent ~~with~~to ~~a total of~~ USD$2,~~107 assay results collected. During 2011 an initial 8 hole diamond core drilling program~~500,000 ~~for a total of 2,435 metres, was completed~~ at ~~Nam~~the ~~Hone~~issue ~~and~~price ~~a small 2 hole program, for a total~~ of ~~330 metres was completed at Khohke~~USD$0. ~~During 2012~~22, ~~geological~~subject ~~logging,~~to ~~cutting, sampling and assaying of core was completed with 3,099 samples assayed by fire assay at~~ the ~~ALS~~Sellers ~~facility~~achieving insales ~~Vientiane.~~revenue ~~Four trenches for a total~~ of 1USD$100,~~354~~000 ~~metres~~within ~~were~~twelve ~~completed,~~months ~~mapped~~after ~~and sampled at Nam Hone and have been incorporated into~~ the ~~detailed~~first ~~geochemistry~~anniversary ~~at Nam Hone. All new and previous results are being incorporated into a preliminary estimate~~ of ~~mineralized~~Completion; ~~material at Nam Hone. During 2013, interpretation~~ and assessment of all results has enabled planning of further exploration programs for the 2013/14 dry season. This program is proposed to consist of drilling of the priority targets at the Nam Hone main zone. The aim of the drilling is to test the current structural model that is believed to be controlling the known gold mineralisation.

~~Figure~~e) The issue to the Sellers of shares of common stock to the equivalent to USD$2,500,000 at the issue price of USD$0.22, ~~Gold~~subject ~~soil~~to ~~geochemistry~~the ~~and~~Sellers ~~prospect~~achieving ~~location~~sales revenue of USD$1,000,000 within twelve months after the first anniversary of Completion.

6If the Transaction is terminated or is in the reasonable opinion of the Company unable to proceed at any point, the Vendors and the Sellers have agreed to convert any monies paid to the Sellers under (a) and (b) above into convertible securities in the Sellers.

As part of the agreement and as a condition to completion, the Company will raise USD$2,500,000.

Pending completion, the Sellers are required to carry on business in the ordinary course.

Employees

~~Mr.~~We ~~Chris~~use ~~Gerteisen~~temporary isemployees ~~the~~for ~~Managing~~some ~~Director~~ of ~~the~~our ~~Laos operations which will manage all the~~ activities ~~of Aurum in Laos~~. ~~Mr.~~The ~~Gerteisen~~services ~~has~~of ~~over~~our 15President, ~~years’~~Chairman, ~~experience~~Chief ~~working~~Executive asOfficer ~~an international geology professional~~ and ~~entrepreneur~~Director, ~~managing~~Joseph aGutnick, ~~variety~~Executive ofGeneral ~~challenging~~Manager, ~~resource~~Craig ~~projects~~Michael, ~~across~~our ~~South-East~~Chief ~~Asia,~~Financial ~~Australia,~~Officer and ~~North America~~Secretary, ~~and~~Peter ~~focused~~Lee, onas awell ~~wide~~as ~~range~~clerical ofemployees ~~commodities,~~are ~~including~~provided ~~gold~~to ~~and~~us ~~copper.~~on ~~Through~~a ~~his~~part-time ~~technical~~as ~~contributions~~needed ~~and~~basis ~~management~~pursuant ~~skills,~~to ~~Mr. Gerteisen played~~ a ~~significant~~Service ~~role~~Agreement in (the ~~successful~~“Service ~~start-up,~~Agreement”) ~~operations,~~between us and ~~exploration~~AXIS ~~which~~Consultants ~~resulted~~Pty inLimited ~~further~~(“AXIS”) ~~mine-life~~effective ~~extending~~from ~~discoveries~~August at2009. ~~several~~AXIS ~~prominent~~also ~~projects~~provides inus ~~the~~with ~~Australasian~~office ~~region~~facilities, ~~including~~equipment, ~~Oxiana’s~~administration ~~Sepon~~ and ~~PanAust’s~~clerical ~~Phu~~services ~~Kham~~ in ~~Laos.~~Melbourne, HeAustralia ~~has~~pursuant ~~been~~to ~~based~~the inService ~~Laos~~Agreement. ~~for~~The ~~almost~~Service 10Agreement ~~years~~may ~~giving~~be ~~him~~terminated anby ~~intimate~~written ~~knowledge~~notice ofby ~~the~~either ~~local language, culture, and business environment~~party.

Dr. Peter Jones is the Exploration Manager for Aurum in Laos. Dr. Jones is an internationally recognised professional geologist with over 30 years of experience in international gold and base metal projects. Dr. Jones is currently managing a small team of exploration geologists based in Laos’ capital city Vientiane and is conducting reconnaissance style regional exploration programs to gather data to inform the exploration process.3

We use temporary employees for some of our activities. The services of our President, Chairman, Chief Executive Officer and Director, Joseph Gutnick, Director, Craig Michael, our Chief Financial Officer, Simon Lee and Secretary, Peter Lee, as well as clerical employees are provided to us on a part-time as needed basis pursuant to a Service Agreement (the “Service Agreement”) between us and AXIS Consultants Pty Limited (“AXIS”) effective from August 2009. AXIS also provides us with office facilities, equipment, administration and clerical services in Melbourne, Australia pursuant to the Service Agreement. The Service Agreement may be terminated by written notice by either party.

Other than this, we rely primarily upon consultants to accomplish our activities. We are not subject to a union labor contract or collective bargaining agreement.

SEC Reports

We file annual, quarterly, current and other reports and information with the SEC. These filings can be viewed and downloaded from the Internet at the SEC’s website at www.sec.gov. In addition, these SEC filings are available at no cost as soon as reasonably practicable after the filing thereof on our website at auruminc.net. These reports are also available to be read and copied at the SEC’s public reference room located at Judiciary Plaza, 100 F Street, N.E., Washington, D.C. 20549. The public may obtain information on the operations of the public reference room by calling the SEC at 1-800-SEC-0330.

Item 1A Risk Factors

You should carefully consider each of the following risk factors and all of the other information provided in this Annual Report before purchasing our common stock. An investment in our common stock involves a high degree of risk, and should be considered only by persons who can afford the loss of their entire investment. The risks and uncertainties described below are not the only ones we face. There may be additional risks and uncertainties that are not known to us or that we do not consider to be material at this time. If the events described in these risks occur, our business, financial condition and results of operations would likely suffer. Additionally, this Annual Report contains forward-looking statements that involve risks and uncertainties. Our actual results may differ significantly from the results discussed in the forward-looking statements. This section discusses the risk factors that might cause those differences.

Risk Factors

Risks of Our Business

We Lack an Operating History And Have Losses Which We Expect To Continue Into the Future.

To date we have no source of revenue. We have no operating history ~~as a mineral exploration or mining company~~ upon which an evaluation of our future success or failure can be made. Our ability to achieve and maintain profitability and positive cash flow is dependent upon:

- ~~exploration and development of any mineral property we identify; -~~ our ability to ~~locate~~identify ~~and~~suitable obtain property with potential economically viable mineral reserves; - our ability to raise the capital necessary to conduct exploration and preserve our interest in the mineral claims on identified properties, increase our interest in the mineral claims and continue as an exploration and mining company; and - our ability to generate revenues and profitably operate a mine on the property covered by our mineral claims.opportunities

-	our ability to raise the capital necessary to conduct our activities; and

-	our ability to generate revenues and profitably operate our business.

Our Proposed Areas Of Operations May Be Located In Locations That Are Subject To Changes In Political Conditions And Regulations In Those Regions.

Our proposed areas of operations may be located in locations that are subject to changes in political conditions and regulations. In the past some countries have been subject to political and social instability, changes and uncertainties which may cause changes to existing government regulations affecting resource exploration and mining activities. Civil or political unrest could disrupt our operations at any time.

We May Engage in Acquisitions, Strategic Investments, Strategic Partnerships or Alliances or Other Ventures that may or may not be Successful.

We may acquire or make strategic investments in businesses, technologies, services or products, or enter into strategic partnerships or alliances with third parties in order to enhance our business. It is possible that we may not be able to identify suitable acquisitions targets and candidates for strategic investments or partnerships, or if we do identify such targets or candidates, we may not be able to complete those transactions on terms commercially acceptable to us, or at all. The inability to identify suitable acquisition targets or investments or the inability to complete such transactions may affect our competitiveness and our growth prospects.

We may make strategic investments in early-stage start-up companies in order to gain experience in or exploit niche technologies. However, our investments may not be successful. The lack of profitability of any of our investments could have a material adverse effect on our operating results.

The Report Of Our Independent Registered Public Accounting Firm Contains An Emphasis of Matter Paragraph Questioning Our Ability To Continue As A Going Concern.

The report of our independent registered public accounting firm on our consolidated financial statements as of October 31, ~~2013~~2015 and ~~2012~~2014, and for the years ended October 31, ~~2013~~2015 and ~~2012~~2014, ~~and for the cumulative period September 29, 2008 to October 31, 2013,~~ includes an ~~Emphasis~~emphasis of ~~Matter~~matter paragraph ~~discussing~~questioning our ability to continue as a going concern. This paragraph indicates that we have ~~limited assets, limited working capital, have~~ not yet commenced revenue producing operations and have an accumulated ~~losses~~(deficit) of approximately $109,~~600~~100,000 which ~~could~~raises ~~raise~~ substantial doubt about our ability to continue as a going concern. Our consolidated financial statements do not include any adjustment that might result from the outcome of this uncertainty.

Our Area of Operations is located in Laos and is subject to changes in political conditions and regulations in that country.

Our area of operations is located in Laos. In the past, Laos has been subject to political and social instability, changes and uncertainties which may cause changes to existing government regulations affecting mineral exploration and mining activities. Civil or political unrest could disrupt our operations at any time. Our mineral exploration and mining activities in Laos may be adversely affected in varying degrees by changing governmental regulations relating to the mining industry or shifts in political conditions that increase the costs related to our activities or maintaining our future properties. Finally, Laos’ status as a developing country may make it more difficult for us to obtain required financing for our project.

We Are A Small Operation And Do Not Have Significant Capital.

Because we will have limited working capital, we must limit our activities. If we are unable to raise the capital required to undertake adequate activities, ~~including locating and obtaining suitable properties and/or finding a suitable business,~~ we may ~~not find commercial minerals even though the identified properties may contain commercial minerals or we may~~ miss opportunities to acquire suitable businesses. If we do not find ~~commercial minerals or cannot find~~ suitable businesses we may be forced to cease operations and you may lose your entire investment.

We Need Further Financing To Determine If There Is Commercial Minerals, Develop Any Minerals We Identify And To Maintain The Mineral Claims.

Our success depends on our ability to raise further capital. We require further substantial additional funds to conduct mineral exploration and development activities on all of our tenements. There is no assurance whatsoever that funds will be available from any source or, if available, that they can be obtained on terms acceptable to us to make investments. If funds are not available in the amounts required to achieve our business strategy, we would be unable to reach our objective. This could cause the loss of all or part of your investment.

World Economic Conditions Could Adversely Affect Our Results of Operations and Financial Condition

The effects of the ~~recent~~ global financial crisis are difficult to accurately predict. As a result of this crisis, conditions in the credit markets have become uncertain and risk adverse. These adverse conditions may make it harder for the Company to raise additional funds to finance the continued development of its business. Continued adverse economic conditions could adversely affect our liquidity, results of operations and financial condition.

WeApproximately ~~Could~~75% ~~Encounter~~Of ~~Delays~~Our ~~Due~~Common ToStock ~~Regulatory~~Is ~~And~~Controlled ~~Permitting~~By ~~Delays.~~The Family Of Our Chairman, President and Chief Executive Officer

WeThe ~~could~~family ~~face~~of ~~delays~~Mr. inJoseph ~~obtaining~~Gutnick, ~~mining~~our ~~permits~~Chairman, President and ~~environmental~~Chief ~~permits~~Executive Officer, beneficially owned 101.6 ~~Such~~million ~~delays~~shares of our common stock, ~~could~~which ~~jeopardize~~represented ~~financing~~approximately 75% of our shares outstanding as of September 18 2017. Mr Joseph Gutnick has no beneficvial interest in the shareholdings of his family. As a result, ifMr. ~~any~~Gutnicks’ family has and is expected to continue to have the ability to appoint our Board of Directors and to determine the outcome of all other issues submitted to our stockholders. The interests of Mr. Gutnicks’ family may not always coincide with our interests or the interests of other stockholders, and subject to his fiduciary duties as a director, he may act in ~~which~~a ~~case~~manner wethat ~~would~~advances ~~have~~his family’s best interests and not necessarily those of other stockholders. One consequence to ~~delay~~this substantial influence or ~~abandon~~control ~~work~~is onthat it may not be possible for investors to remove management of the ~~properties~~Company. It could also deter unsolicited takeover, including transactions in which stockholders might otherwise receive a premium for their shares over then current market prices.

~~Government Concessions May Not Be Granted Or Renewed.~~5

Our activities in Laos require permits from the Lao PDR government in order to access Concessions. The permit for the Century Concession expired during the course of the 2013 fiscal year and the Company and AOI are current going through the renewal process with Laos government. If we are unable to obtain or renew licences, permits or approvals we may be prohibited from conducting exploration and mining activities.

If We Define An Economic Ore Reserve And Achieve Production, It Will Decline In The Future. An Ore Reserve Is A Wasting Asset.

Our future ore reserve and production, if any, will decline as a result of the exhaustion of reserves and possible closure of any mine that might be developed. Eventually, at some unknown time in the future, all of the economically extractable ore will be removed from the properties, and there will be no ore remaining unless this Company is successful in near mine site exploration to extend the life of the mining operation. This is called depletion of reserves. Ultimately, we must acquire or operate other properties in order to continue as an ongoing business. Our success in continuing to develop reserves, if any, will affect the value of your investment.

There Are Significant Risks Associated With Mining Activities.

The mining business is generally subject to risks and hazards, including quantity of production, quality of the ore, environmental hazards, industrial accidents, the encountering of unusual or unexpected geological formations, cave-ins, flooding, earthquakes and periodic interruptions due to inclement or hazardous weather conditions. These occurrences could result in damage to, or destruction of, our mineral properties or production facilities, personal injury or death, environmental damage, reduced production and delays in mining, asset write-downs, monetary losses and possible legal liability. We could incur significant costs that could adversely affect our results of operation. Insurance fully covering many environmental risks (including potential liability for pollution or other hazards as a result of disposal of waste products occurring from exploration and production) is not generally available to us or to other companies in the industry. What liability insurance we carry may not be adequate to cover any claim.

We May Be Subject To Significant Environmental And Other Governmental Regulations That Can Require Substantial Capital Expenditure, And Can Be Time-Consuming.

We may be required to comply with various laws and regulations pertaining to exploration, development and the discharge of materials into the environment or otherwise relating to the protection of the environment in the countries that we operate, all of which can increase the costs and time required to attain operations. We may have to obtain exploration, development and environmental permits, licenses or approvals that may be required for our operations. There can be no assurance that we will be successful in obtaining, if required, a permit to commence exploration, development and operation, or that such permit can be obtained in a timely basis. If we are unsuccessful in obtaining the required permits it may adversely affect our ability to carry on business and cause you to lose part or all of your investment.

Mining Accidents Or Other Adverse Events At Our Property Could Reduce Our Production Levels.

If and when we reach production it may fall below estimated levels as a result of mining accidents, cave-ins or flooding on the properties. In addition, production may be unexpectedly reduced if, during the course of mining, unfavorable ground conditions or seismic activity are encountered, ore grades are lower than expected, or the physical or metallurgical characteristics of the ore are less amenable to mining or processing than expected. The happening of these types of events would reduce our profitably or could cause us to cease operations which would cause you to lose part or all of your investment.

The acquisition of mineral properties is subject to substantial competition. If we must pursue alternative properties, companies with greater financial resources, larger staffs, more experience, and more equipment for exploration and development may be in a better position than us to compete for properties. We may have to undertake greater risks than more established companies in order to compete which could affect the value of your investment.

Approximately 96% Of Our Common Stock Is Controlled By Our Chairman, President and Chief Executive Officer Who Has The Ability To Appoint Our Board Of Directors And Determine Other Matters Submitted To Stockholders

Mr. Joseph Gutnick, our Chairman, President and Chief Executive Officer, beneficially owned 101.6 million shares of our common stock, which represented approximately 96% of our shares outstanding as of January 24, 2014. As a result, Mr. Gutnick has and is expected to continue to have the ability to appoint our Board of Directors and to determine the outcome of all other issues submitted to our stockholders. The interests of Mr. Gutnick may not always coincide with our interests or the interests of other stockholders, and subject to his fiduciary duties as a director, he may act in a manner that advances his best interests and not necessarily those of other stockholders. One consequence to this substantial influence or control is that it may not be possible for investors to remove management of the Company. It could also deter unsolicited takeover, including transactions in which stockholders might otherwise receive a premium for their shares over then current market prices.

We are substantially dependent upon AXIS To Carry Out Our Activities

We are substantially dependent upon AXIS for our senior management, financial and accounting, corporate legal and other corporate headquarters functions. For example, each of our officers is employed by AXIS and, as such, is required by AXIS to devote substantial amounts of time to the business and affairs of the other shareholders of AXIS.

10Pursuant to a services agreement, AXIS provides us with office facilities, and some administrative personnel and services, management and geological staff and services. No fixed fee is set in the agreement and we are required to reimburse AXIS for any direct costs incurred by AXIS for us. In addition, we pay a proportion of AXIS indirect costs based on a measure of our utilization of the facilities and activities of AXIS plus a service fee of not more than 15% of the direct and indirect costs. AXIS has not charged a service fee for 2015. This service agreement may be terminated by us or AXIS on 60 days’ notice. See “Certain Relationships and Related Party Transactions.” AXIS billed Aurum, Inc., as per the services agreement, for 2015 a total of $56,226 (2013: $71,597).

~~Pursuant~~We toare aone ~~services~~of ~~agreement,~~seven companies that AXIS provides usservices ~~with~~to. ~~office~~Each ~~facilities,~~of ~~and~~the ~~some~~companies ~~administrative~~has ~~personnel~~some ~~and~~common ~~services~~Directors, ~~management~~officers and ~~geological~~shareholders. ~~staff~~In ~~and~~addition, ~~services.~~each Noof ~~fixed~~the ~~fee~~companies is ~~set~~substantially independent ~~the~~upon ~~agreement~~AXIS ~~and~~for weits ~~are~~senior ~~required~~management toand ~~reimburse~~certain ~~AXIS~~mining ~~for~~and ~~any~~exploration ~~direct~~staff. A ~~costs~~number ~~incurred~~of byarrangements ~~AXIS~~and ~~for~~transactions ~~us. In~~have ~~addition,~~been weentered ~~pay~~into afrom ~~proportion~~time ofto ~~AXIS~~time ~~indirect~~between ~~costs~~such ~~based~~companies. onCurrently, athere ~~measure~~are ofno ~~our~~material ~~utilization~~arrangements ofor planned transactions between the ~~facilities~~Company and ~~activities~~any of ~~AXIS~~the ~~plus~~other aaffiliated ~~service~~companies ~~fee~~other ofthan ~~not~~AXIS. However, ~~more~~it ~~than~~is ~~15%~~possible ofwe ~~the~~may ~~direct~~enter ~~and~~into ~~indirect~~such ~~costs.~~transactions ~~AXIS~~in ~~has~~the ~~not~~future ~~charged~~which acould ~~service~~present ~~fee~~conflicts ~~for~~of ~~2013~~interest. ~~This~~In ~~service~~addition, ~~agreement~~there may be ~~terminated~~conflicts byamong usthe orCompany ~~AXIS~~and onthe 60other ~~days’~~companies ~~notice.~~that ~~See “Certain Relationships and Related Party Transactions.”~~ AXIS ~~billed~~provides ~~Aurum,~~services ~~Inc,~~to aswith ~~per~~respect ~~the~~to ~~services~~access ~~agreement,~~to ~~for~~executive ~~2013~~and aadministrative ~~total~~personnel ofand ~~$225,336~~other ~~(2012: $268,329)~~resources.

We are one of nine companies that AXIS provides services to. Each of the companies has some common Directors, officers and shareholders. In addition, each of the companies is substantially dependent upon AXIS for its senior management and certain mining and exploration staff. A number of arrangements and transactions have been entered into from time to time between such companies. Currently, there are no material arrangements or planned transactions between the Company and any of the other affiliated companies other than AXIS. However, it is possible we may enter into such transactions in the future which could present conflicts of interest. In addition, there may be conflicts among the Company and the other companies that AXIS provides services to with respect to access to executive and administrative personnel and other resources.

Historically, AXIS has allocated corporate opportunities to each of the companies engaged in the exploration and mining industry after considering the location of each of the companies’ operations and the type of commodity for which each company explores within its geographic region. At present, there are no conflicts among the Company and the other companies with respect to the principal geographic areas in which they operate and/or the principal commodities that they are searching for.

The Company has received advances from AXIS in connection with the ongoing business relationship between the two parties, which have been disclosed in the Company’s SEC reports, but which are not specifically provided for in the AXIS Services Agreement. Historically, the shortfall in our cash receipts has been covered by cash advances from AXIS. The purpose of such advances is to assist us in meeting our ongoing cash flow requirements. The parties are in discussions in relation to the Company providing security to AXIS for the amount outstanding ~~and such discussions are anticipated to be concluded by the end of the second fiscal quarter of 2014,~~ however no agreement has been reached to-date. ~~Our director (~~Mr. ~~Gutnick) is also a director of AXIS and Mr.~~ Peter Lee is Chief Financial Officer & Company Secretary of AXIS and ~~owe~~owes fiduciary obligations to both parties. It is the intention of the Boards of Directors of AXIS and the Company that this issue be resolved in a manner that is fair to all parties and equitable to the shareholders of each, but there are no agreements or understandings addressing the priority or dispensation of fiduciary duties with respect to the discussions to resolve the amount outstanding owed to AXIS or any other conflict of interest with AXIS or other affiliates. See Item 13 “Certain Relationships and Related Transactions, and Director Independence.”

Future Sales of Common Stock Could Depress The Price Of Our Common Stock

Future sales of substantial amounts of common stock pursuant to Rule 144 under the Securities Act of 1933 or otherwise by certain stockholders could have a material adverse impact on the market price for the common stock at the time. As at ~~January~~September 2422, ~~2014~~2017, there were ~~101~~135,~~600~~850,000 outstanding shares of common stock which are deemed “restricted securities” as defined by Rule 144 under the Securities Act or control securities. Under certain circumstances, these shares may be sold without registration pursuant to the provisions of Rule 144 ~~following the expiration of one year after the Company ceases to be a shell company~~. In general, under rule 144, a person (or persons whose shares are aggregated) who has satisfied a six-month holding period and who is not an affiliate of the Company may sell restricted securities without limitation as long as the Company is current in its SEC reports. A person who is an affiliate of the Company may sell within any three-month period a number of restricted securities and/or control securities which does not exceed the greater of one (1%) percent of the shares outstanding or the average weekly trading volume during the four calendar weeks preceding the notice of sale required by Rule 144. In addition, Rule 144 permits, under certain circumstances, the sale of restricted securities by a non-affiliate without any limitations after a one-year holding period. Any sales of shares by stockholders pursuant to Rule 144 may have a depressive effect on the price of our Common stock.

Our Common Stock Is Traded Over the Counter, Which May Deprive Stockholders Of The Full Value Of Their Shares

Our common stock is quoted via the Over The Counter ~~Bulletin~~Market ~~Board~~ (~~OTCBB~~OTC). As such, our common stock may have fewer market makers, lower trading volumes and larger spreads between bid and asked prices than securities listed on an exchange such as the New York Stock Exchange or the NASDAQ Stock Market. These factors may result in higher price volatility and less market liquidity for the common stock.

A Low Market Price May Severely Limit The Potential Market For Our Common Stock

Our common stock is currently trading at a price substantially below $5.00 per share, subjecting trading in the stock to certain SEC rules requiring additional disclosures by broker-dealers. These rules generally apply to any equity security that has a market price of less than $5.00 per share, subject to certain exceptions (a “penny stock”). Such rules require the delivery, prior to any penny stock transaction, of a disclosure schedule explaining the penny stock market and the risks associated therewith and impose various sales practice requirements on broker-dealers who sell penny stocks to persons other than established customers and institutional or wealthy investors. For these types of transactions, the broker-dealer must make a special suitability determination for the purchaser and have received the purchaser’s written consent to the transaction prior to the sale. The broker-dealer also must disclose the commissions payable to the broker-dealer, current bid and offer quotations for the penny stock and, if the broker-dealer is the sole market maker, the broker-dealer must disclose this fact and the broker-dealer’s presumed control over the market. Such information must be provided to the customer orally or in writing before or with the written confirmation of trade sent to the customer. Monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stock. The additional burdens imposed upon broker-dealers by such requirements could discourage broker-dealers from effecting transactions in our common stock.

The Market Price Of Your Shares Will Be Volatile.

The stock market price of mineral exploration companies like us has been volatile. Securities markets may experience price and volume volatility. The market price of our stock may experience wide fluctuations that could be unrelated to our financial and operating results. Such volatility or fluctuations could adversely affect your ability to sell your shares and the value you might receive for those shares.

Item 1B Unresolved Staff Comments

As of October 31, ~~2013~~2015, we do not have any Securities and Exchange Commission staff comments that have been unresolved for more than 180 days.

Item 2 Properties

The Company occupies certain executive and office facilities in Melbourne, Victoria, Australia which are provided to it pursuant to the Service Agreement with AXIS. See “Item 1 - Business- Employees” and “Item 13 - Certain Relationships and Related Transactions”. ~~The Company also occupies certain office facilities in Laos to support field operations. The Company believes that its administrative space is adequate for its current needs.~~

Item 3 Legal Proceedings

There are no pending legal proceedings to which the Company is a party, or to which any of its property is the subject, which the Company considers material.

Item 4 Mine Safety Disclosures

Not Applicable

138

PART II

Item 5

Market for Common Equity and Related Stockholder Matters

Market Information

Our common stock is traded in the over-the-counter market ~~and quoted on the OTCBB~~ under the symbol “AURM”.

The following table sets out the high and low bid information for the Common Stock as reported by the National Quotation Service Bureau for each period/quarter indicated in US$:

Calendar Period	High Bid (1)	Low Bid (1)
2012
2014
First Quarter	10.2150	10.1550
Second Quarter	10.1550	10.0050
Third Quarter	10.0050	0.2550
Fourth Quarter	0.50	0.1132
2013
First Quarter	0.51	0.50
Second Quarter	0.51	0.25
Third Quarter	0.55	0.33
Fourth Quarter	0.55	0.45

2015
First Quarter	0.32	0.32
Second Quarter	0.63	0.31
Third Quarter	0.55	0.55
Fourth Quarter	0.55	0.55

(1) The quotations set out herein reflect inter-dealer prices without retail mark-up, markdown or commission and may not necessarily reflect actual transactions.

As of October 31, ~~2013~~2015 and asSeptember ~~at January 24~~22, ~~2014~~2017, there were ~~105~~135,600,000 and 135,850,000 shares of common stock issued and outstanding, respectively.

Dividends

To date we have not paid any cash dividends on our common stock and we do not expect to declare or pay any cash dividends on our common stock in the foreseeable future. Payment of any dividends will depend upon our future earnings, if any, our financial condition, and other factors deemed relevant by the Board of Directors.

On September 29, 2009, the Company’s Board of Directors declared an 8-for-1 stock split in the form of a stock dividend that was payable in October, 2009 to stockholders of record as of October 23, 2009. An aggregate of 92,400,000 shares of common stock were issued in connection with this dividend.

Shareholders

As of ~~October~~September 3122, ~~2013~~2017, the Company had approximately 3929 shareholders of record. Within the holders of record of the Company's Common Stock are depositories such as Cede & Co., a nominee for The Depository Trust Company (or DTC), that hold shares of stock for brokerage firms which, in turn, hold shares of stock for one or more beneficial owners. Accordingly, the Company believes there are many more beneficial owners of its Common Stock whose shares are held in "street name", not in the name of the individual shareholder.

Transfer Agent

Our United States Transfer Agent and Registrar is Continental Stock Transfer & Trust Company.

Item 6

Selected Financial Data

Our selected financial data presented below for each of the years in the two-year period ended October 31, ~~2013~~2015 and the balance sheet data at October 31, ~~2013~~2015 and ~~2012~~2014 have been derived from consolidated financial statements, which have been audited by PKF O’Connor Davies, ~~A Division of O’Connor Davies~~ LLP (“PKF”). The selected financial data should be read in conjunction with our consolidated financial statements for each of the years in the two-year period ended October 31, ~~2013~~2015, and Notes thereto, which are included elsewhere in this Annual Report.

Statement of Operations Data

	2013 US$			2012 US$
	2015 US$			2014 US$
Revenues		-			-
		-			-
Costs and expenses		1120,~~888,171~~052			3356,~~618,455~~462
(Loss) from operations		(1120,~~888,171~~052	)		(3356,~~618,455~~462	)
Foreign currency exchange gain		598,482			86,672
Other income		66,646			-
Other income - interest		-			(3	)
Foreign currency exchange gain		1,226,376			542,739
Provision for income taxes		-			-
Net (loss)		(1,289,689	)		(3,531,780	)
Net income		1,172,970			186,277
	$	$		$	$
Net (loss) per share		(0.01	)		(0.03	)
Net income per share		0.01			0.00
Weighted average number of shares outstanding (000’s)		105,600			105,600
Weighted average number of shares used per share calculation (000’s)		113,244			105,600
Balance Sheet Data
	$	$		$	$
Total assets		~~41,660~~197			864,~~620~~036
Total liabilities		(71,~~961~~272,~~058~~182	)		(67,~~792~~506,~~867~~767	)
Stockholders’ equity (deficit)		(7,919,398	)		(6,706,247	)
Stockholders’ Equity (deficit)		(1,271,985	)		(7,502,731	)

1510

Item 7.

Management’s Discussion and Analysis of Financial Condition or Plan of Operation

General

The following discussion and analysis of our financial condition and plan of operation should be read in conjunction with the ~~Financial~~consolidated ~~Statements~~financial statements and accompanying notes and the other financial information appearing elsewhere in this report. This report contains numerous forward-looking statements relating to our business. Such forward-looking statements are identified by the use of words such as believes, intends, expects, hopes, may, should, plan, projected, contemplates, anticipates or similar words. Actual operating schedules, results of operations, ore grades and mineral deposit estimates and other projections and estimates could differ materially from those projected in the forward-looking statements.

Foreign Currency Translation

The Company has had operations in Laos and administrative functions based in Australia. The Laos operations functional currency is USD but also uses Laos LAK (Lao Kip “LAK”) and Thai BHT (Thai Baht “BHT”). Australian administrative operations are in AUD (“A$”). The income and expenses of its foreign operations are translated into US dollars at the average exchange rate prevailing during the period. Assets and liabilities of the foreign operations are translated into US dollars at the period-end exchange rate. The following table shows the period-end rates of exchange of the Australian dollar, Lao Kip and Thai Baht compared with the US dollar during the periods indicated.

Year ended
Year ended October 31
October 31
2015	US$1.00	=	A$1.4008
2012			US$1.00	=	A$0.9655
2014	US$1.00	=	A$1.1371
	US$1.00	=	USLAK$18,104.0039	=	~~LAK$8,001.23~~
	US$1.00	=	USBHT$132.005541	=	~~BHT$30.7208~~
2013			US$1.00	=	A$1.0540
			US$1.00	=	LAK$7,901.61
			US$1.00	=	BHT$31.0673

Overview

Aurum, Inc. ("Aurum” or the “Company") was incorporated in the State of Florida in September 2008. The principal stockholder of Aurum is Golden Target Pty Ltd., an Australian corporation (“Golden”), which owned 9674.2193% of Aurum as of October 31, ~~2013~~2015. On January 20, 2010, the Company re-incorporated in the state of Delaware (the “Reincorporation”) through a merger involving Liquid Financial Engines Inc. and Aurum, Inc., a Delaware Corporation that was a wholly owned subsidiary of Liquid. The Reincorporation was effected by merging Liquid with Aurum, with Aurum being the surviving entity. For purposes of the Company’s financial reporting status, Aurum is deemed a successor to Liquid.

In July 2009, Golden acquired an approximate 96% interest in Aurum from certain stockholders. In connection therewith, the Company appointed a new President/Chief Executive Officer/Director and Chief Financial Officer/Secretary. ~~The sole director and stockholder of Golden is also the President of the Company.~~

Commencing August 2009, the Company decided to focus on mineral exploration for gold and copper in the Lao Peoples Democratic Republic. The Century Concession has expired and the Company’s ~~planned~~had ~~operations~~been ~~have~~negotiating ~~not~~with ~~commenced~~the ~~and~~Lao ~~are~~Government ~~considered~~to renew the Concession. The Company was advised that the Government does not intend to berenew inthe Concession. As a result, the Company no longer has any exploration ~~stage~~interests in Laos.

1611

The Company has now commenced a search for new gold projects that the Company may be able to acquire an interest in. The Company’s planned operations have not commenced and are considered to be in the exploration stage.

In August 2009, the Company entered into an agreement with AXIS Consultants Pty Ltd (“AXIS”) to provide geological, management and administration services to the Company. AXIS has some common management and is incorporated in Australia. AXIS is paid by each company it manages for the costs incurred by it in carrying out the administration function for each such company. Pursuant to the Service Agreement, AXIS performs such functions as payroll, maintaining employee records required by law and by usual accounting procedures, providing insurance, legal, human resources, company secretarial, land management, certain exploration and mining support, financial, accounting advice and services. AXIS procures items of equipment necessary in the conduct of the business of the Company. AXIS also provides for the Company various services, including but not limited to the making available of office supplies, office facilities and any other services as may be required from time to time by the Company as and when requested by the Company. We are required to reimburse AXIS for any direct costs incurred by AXIS for the Company. In addition, we are required to pay a proportion of AXIS’s overhead cost based on AXIS’s management estimate of our utilization of the facilities and activities of AXIS plus a service fee of not more than 15% of the direct and overhead costs. Amounts invoiced by AXIS are required to be paid by us. Under the agreement, we are not permitted to obtain from sources other than AXIS, and we are not permitted to perform or provide ourselves, the services contemplated by the Service Agreement, unless we first requests AXIS to provide the service and AXIS fails to provide the service within one month. As our arrangements with AXIS have evolved, the arrangements have changed, which have verbally been agreed to by AXIS, as a result of the requirements of certain suppliers to be able to deal directly with us. In these cases, AXIS does not charge us a management or service fee in respect to these arrangements with suppliers who deal with us directly. The types of services that are provided directly to us include audit and tax services, legal services, stock transfer services, drilling services, leases of some offices, finance leases, financing facilities in our name, Delaware franchise tax.

Results of Operations

Year ended October 31, ~~2013~~2015 versus Year ended October 31, ~~2012~~2014

We ~~are an exploration stage company and~~ have not generated any revenues since inception. As set out in Management’s Discussion and Analysis of Financial Condition and Results of Operation – Overview, the Company is managed by AXIS. Certain costs and expenses are incurred by the Company and certain costs and expenses are incurred by AXIS on behalf of the Company and billed to the Company by AXIS. The total amount of expenses billed to the Company by AXIS in fiscal ~~2013~~2015 was $~~225~~56,~~336~~226 (~~2012~~2014: $~~268~~71,~~329~~597). The discussion in the next paragraphs relates to costs and expenses of the Company, incurred by both the Company; and by AXIS that are billed to the Company.

Total costs and expenses have decreased from $3356,~~618,455~~462 for the year ended October 31, ~~2012,~~2014 to $1120,~~888,171~~052 for the year ended October 31, ~~2013~~2015. The decrease in the total costs and expenses was a result of:

An increase in legal, accounting and professional costs from $39,521 in fiscal 2012 to $80,803 in fiscal 2013, primarily as a result of (i) an increase in audit fees from $28,380 to $67,849 due to costs relating to the 2012 fiscal year being incurred in the fiscal year of 2013; (ii) an increase in corporate secretarial costs from $8,896 to $9,930; and (iii) an increase in accounting fees from $2,243 to $3,024.

ii)

An decrease in administrative costs from $314,888 in fiscal 2012 to $253,622 in fiscal 2013 is primarily due to a decrease in direct costs charged to the Company by AXIS from $268,329 to $225,336 primarily as a result of travel costs decreasing from $63,889 for fiscal 2012 to $3,046 for fiscal 2013. The total administrative costs include AXIS billings of $221,455 for 2013 (2012: $242,964).

an increase in legal, accounting and professional costs from $60,319 in fiscal 2014 to $70,266 in fiscal 2015. Included within legal, accounting and professional costs for the year ended October, 31 2015 is $9,371 for stock transfer agent fees for management of the share register (2014: $8,073); $59,743 (2014: $51,552) for audit and tax fees and professional services in relation to consolidated financial statements in the quarterly reports on Form 10-Q and annual reports on Form 10-K; and $1,152 (2014: $694) for legal expenses.

17ii) a decrease in administrative costs from $110,847 in fiscal 2014 to $49,636 in fiscal 2015. Included within administrative costs for the year ended October, 31 2014 is $40,362 (2014: $67,541) for charges by AXIS for salaries incurred on behalf of the Company which relate to amounts paid to the President and Chief Executive Officer, Secretary and Chief Financial Officer and other staff of AXIS who provide services to the Company; $(7,650) for lodgement of company filings with the SEC (2014: $26,167); insurance costs of $11,733 (2014: $8,744); bank charges for $72 (2014: $312); franchise tax of $837 (2014: $697); $621 for contractor and consultant costs (2014: $2,072); and storage costs of $1,901 (2014: $5,314). The decrease is primarily as a result of a decrease in the cost of services provided by AXIS in accordance with the service agreement. The total administrative expenses include AXIS billings of $55,944 for 2015 (2014: $71,217).

iii)

A decrease in stock based compensation expense from $646,953 in fiscal 2012 to $76,538 in fiscal 2013. The decrease is due to options being fully vested in the fiscal year of 2013. See Note 12 to the Company’s Financial Statements which are included elsewhere in this Annual Report.

iv)

A decrease in the exploration expense from $2,617,093 in fiscal 2012 to $1,475,593 in fiscal 2013. The exploration costs include salaries for both our staff and contract field staff, accommodation, Laos office costs, field work expenditure and reviewing data on exploration targets in Laos. Work continued on our Century Thrust Joint Venture in addition to sourcing other potential exploration targets during fiscal 2013. The total exploration expenses include AXIS billings of $2,291 for 2013 (2012: $25,365).

Asiii) a ~~result~~decrease ofin the ~~foregoing,~~exploration ~~the~~expense ~~loss~~ from ~~operations~~$185,296 ~~decreased~~in ~~from~~fiscal 2014 to $~~3,618,455~~nil ~~for~~in ~~the~~fiscal ~~year~~2015. ~~ended~~The ~~October~~Century ~~31,~~Concession ~~2012~~expired toin ~~$1,888,171~~fiscal ~~for~~2014. ~~the~~The ~~year~~total ~~ended~~exploration ~~October~~expenses ~~31,~~include ~~2013~~AXIS billings of $nil for 2015 (2014: $380).

~~The~~As ~~Company~~a ~~recorded~~result aof ~~foreign~~the ~~currency~~foregoing, ~~exchange~~the ~~gain~~loss offrom operations decreased from $~~598~~356,~~482~~462 for the year ended October 31, ~~2013~~2014 ~~compared~~ to ~~a foreign currency exchange gain of~~ $8653,~~672~~406 for the year ended October 31, ~~2012, primarily due to revaluation of amounts payable to affiliates~~2015.

~~The~~Other ~~Company recorded a decrease in interest~~ income ~~from~~increased $3 for ~~the~~$nil in ~~year~~fiscal ~~ended~~2014 ~~October 31, 2012~~ to $~~nil~~57,809 ~~for~~in ~~the~~fiscal ~~year ended October 31, 2013~~2015.

The ~~net~~Company ~~loss~~recorded ~~was~~a foreign currency exchange gain of $1,~~289~~226,~~689~~376 for the year ended October 31, ~~2013~~2015 ~~compared~~(2014: to$542,739) aprimarily ~~net~~due ~~loss~~to revaluation of ~~$3,531,780~~amounts ~~for~~payable ~~the~~to ~~year~~affiliates ~~ended~~in ~~October~~Australian ~~31, 2012.~~dollars

Net income was $1,172,970 for the year ended October 31, 2015 compared to net income of $186,277 for the year ended October 31, 2014.

Liquidity and Capital Resources

For the year ended October 31, ~~2013~~2015, net cash used in operating activities was $195,~~532,529~~929 consisting primarily of the net ~~loss~~income ~~from operations~~ of $1,~~289~~172,~~689~~970, ~~which~~adjusted ~~was~~for ~~offset by a~~ non-cash ~~cost~~items ~~charges~~being ~~relating to: employee options issued for stock based compensation of $76,538,~~ foreign currency gain of $~~598~~1,~~482~~226,376 and ~~depreciation charges of $28,418 in addition to~~ a decrease in ~~prepayments~~accounts ofpayable ~~$15,554,~~and anaccrued ~~increase~~expenses ~~in receivables~~ of $443,~~936~~486. ~~and~~Net ancash ~~increase~~used in ~~accounts~~investing ~~payable~~activities ~~and~~was ~~accrued expenses of~~ $~~240,068.~~nil ~~Net~~and net cash provided by financing activities was $191,~~530,897~~311 being advances from affiliates.

As of October 31, ~~2013~~2015, the Company has short term obligations of $~~402~~205,~~738~~354 comprising accounts payable and ~~accruals~~accrued expenses, and had long term obligations of $1,066,827 comprising advances payable to affiliates.

~~The~~During ~~Company~~2015, ~~has~~AXIS charged the Company $1255,~~797~~944 infor ~~cash~~management and administration services and $282 for exploration services. The net amount owed by the Company to AXIS at October 31, ~~2013~~2015 of $834,327 is included under non-current liabilities.

~~The~~In ~~Company~~July ~~may be required to fund up to $6.5 million in exploration expenditure by December~~ 2015, ~~of which $4.37 million has already been funded, in order to acquire a 51% beneficial interest in~~ the ~~Century Thrust Joint Venture (“Joint Venture”). The~~ Company ~~entered~~issued ~~into a Deed of Agreement which granted the Company an option to purchase 20% of LIMO’s interest in the Joint Venture. The Company made the final option fee payment of $135~~30,000,000 inshares ~~August 2011 after LIMO completed certain conditions detailed in the agreement. The Company had 60 days from the date~~ of ~~the~~common ~~last~~stock ~~option payment~~ to ~~exercise~~AXIS ~~the~~Consultants ~~option~~Pty toLtd ~~purchase~~as ~~20%~~repayment of ~~the Joint Venture for $1.35 million, inclusive of the previously paid option fees of $405,000. On October 24, 2011, the Company executed~~ a ~~Deed~~debt of ~~Variation of Call Option extending the exercise date of the option to April 24, 2012, for a consideration of~~ $555,~~000 for each month extended~~ 057,776.~~The Company did not exercise the option due to delays in acquiring assay results and the time required to adequately assess the program.~~

The Company has ~~funded~~$197 ~~operations~~in since inception through advances from affiliated entities. The Company’s ability to continue operations through fiscal 2014 is dependent upon future funding from affiliated entities, capital raisings, or its ability to commence revenue producing operations and positive cash ~~flows,~~at ~~of which there can be no assurance. AXIS has advised it does not currently intend to require repayment of these advances prior to~~ October 31, ~~2014, accordingly the Company has decided to classify the amounts payable as non-current in the accompanying balance sheets~~2015.

18The Company has funded operations since inception through issuance of shares and advances from affiliated entities. The Company’s ability to continue operations for the foreseeable future is dependent upon future funding from affiliated entities, capital raisings, or its ability to commence revenue producing operations and positive cash flows, of which there can be no assurance. AXIS has advised it does not currently intend to require repayment of these advances prior to October 31, 2016, accordingly the Company has decided to classify the amounts payable as non-current in the accompanying balance sheets.

The Company continues to search for additional sources of capital, including capital raisings from share issuances, however no agreements or arrangements have been made as of this date and there can be no assurance funding will be successfully obtained. Even if it is obtained, there is no assurance that it will not be secured on terms that are highly dilutive to existing shareholders.

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplates continuation of Aurum as a going concern. However, Aurum has limited assets, limited working capital, has not yet commenced revenue producing operations and has sustained recurring losses since inception.13

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplates continuation of Aurum as a going concern. However, Aurum has limited assets, negative working capital, has not yet commenced revenue producing operations and has sustained recurring losses since inception.

Impact of Australian Tax Law

In July, 2009 the management and control of Aurum was effectively transferred to Australia making the company an Australian resident corporation for tax purposes under Australian law. Australian resident corporations are subject to Australian income tax on their non-exempt worldwide assessable income (which includes capital gains), less allowable deductions, at the rate of 30%. Foreign tax credits are allowed where tax has been paid on foreign source income, provided the tax credit does not exceed 30% of the foreign source income.

Under the U.S. Australia tax treaty, a U.S. corporation such as us is subject to Australian income tax on net profits attributable to the carrying on of a business in Australia through a “permanent establishment” in Australia. A “permanent establishment” is a fixed place of business through which the business of an enterprise is carried on. The treaty limits the Australian tax on interest and royalties paid by an Australian business to a U.S. resident to 10% of the gross interest or royalty income unless it relates to a permanent establishment. Although we consider that we do not have a permanent establishment in Australia, the Company may be deemed to have such an establishment due to the location of its administrative offices in Melbourne. In addition we may receive interest or dividends from time to time.

Impact of Australian Governmental, Economic, Monetary or Fiscal Policies

Although Australian taxpayers are subject to substantial regulation, we believe that our operations are not materially impacted by such regulations nor is it subject to any broader regulations or governmental policies than most Australian taxpayers.

Impact of Recent Accounting Pronouncements

For a discussion of the impact of recent accounting pronouncements on the Company’s consolidated financial statements, see Note 34 to the Company’s ~~Financial~~consolidated ~~Statements~~financial statements which are included elsewhere in this Annual Report.

Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

At October 31, ~~2013~~2015, the Company had no outstanding borrowings under Loan Facilities.

Item 8.

Financial Statements

See F Pages

Item 9.

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

There have been no changes in accountants or any disagreements with accountants on any matter of accounting principles or practices or financial statement disclosures during the two years ended October 31, ~~2013~~2015.

Item 9A

Controls and Procedures

(a)	Evaluation of disclosure controls and procedures

Our principal executive officer and our principal financial officer evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 as amended) as of the end of the period covered by this report. Based on that evaluation, such principal executive officer and principal financial officer concluded that the Company’s disclosure controls and procedures were effective as of the end of the period covered by this report at the reasonable level of assurance.

(b)	Management’s Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange act Rules 13a-15(f) under the Securities Exchange Act of 1934, as amended. Under the supervision of management and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the 1992 framework in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on our evaluation of internal control over financial reporting, our management concluded that our internal controls over financial reporting was effective as of October 31, ~~2013~~2015.

(c)	Attestation report of the Registered Public Accounting Firm

This Annual Report on Form 10-K does not include an attestation report of the Company’s independent registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s independent registered public accounting firm pursuant to an exemption for smaller reporting companies under Section 989G of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

(d)	Change in Internal Control over Financial Reporting

There were no changes in the Company’s internal control over financial reporting identified in connection with the evaluation of such internal control that occurred during the Company’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect the Company’s internal control over financial reporting.

(e)

Other

We believe that a controls system, no matter how well designed and operated, cannot provide absolute assurance that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected. Therefore, a control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Our disclosure controls and procedures are designed to provide such reasonable assurances of achieving our desired control objectives, and our principal executive officer and principal financial officer have concluded, as of October 31, ~~2013~~2015, that our disclosure controls and procedures were effective in achieving that level of reasonable assurance.

Item 9B Other Information

None.

2016

PART III

Item 10. Directors and Executive Officers and Corporate Governance

The following table sets forth our directors and officers, their ages and all offices and positions with our company. Officers and other employees serve at the will of the Board of Directors.

Name	Age	Position(s) Held
Joseph Gutnick	6164	Chairman of the Board, President, Chief Executive Officer and Director
Simon Lee	43	Chief Financial Officer and Principal Accounting Officer
Peter Lee	59	Secretary, Chief Financial Officer and Principal Accounting Officer
Peter Lee	56	Secretary

Director Qualifications

The following paragraphs provide information as of the date of this report about ~~each~~our sole director as well as about each executive officer. The information presented includes information each director has given us about his age, all positions he holds, his principal occupation and business experience for the past five years, and the names of other publicly-held companies of which he currently serves as a director or has served as a director during the past five years. In addition to the information presented below regarding ~~each~~our director’s specific experience, qualifications, attributes and skills that led our Board to the conclusion that he should serve as a director, we also believe that ~~all of~~ our ~~directors~~director ~~have~~has demonstrated an ability to exercise sound judgment, as well as a commitment of service to Aurum and our Board. Finally, we value ~~their~~his significant experience in the mining industry and other public and board committees.

Joseph Gutnick

Mr. Gutnick is a leading mining industry entrepreneur and has been President and a Director since July 2009, and has been the Chief Executive Officer since April 2012. In addition, Mr. Gutnick was Chief Executive Officer from July 2009 until June 2011. He ~~has been a Director of numerous public listed companies in Australia and the USA specialising in the mining sector since 1980. He~~ is currently President, Director and CEO of ~~Legend International Holdings Inc. (since 2004),~~ Golden River Resources Corporation (for more than 10 years), ~~Consolidated Gems, Inc. (since 2008),~~ which ~~are~~is a US corporations listed on the OTC market in the USA,; and President and CEO of Northern Capital Resources Corp, and Great Central Resources Corporation, US corporations, and Executive Chairman and Managing Director of Merlin Diamonds Limited, Top End Minerals Limited and Quantum Resources Limited and Non-Executive Chairman of Blackham Resources Limited, all listed on the Australian Securities Exchange. Mr. Gutnick was previously a Director of the World Gold Council. He has previously been a Director of Legend International Holdings Inc. (since 2004), Consolidated Gems, Inc, Merlin Diamonds Limited, Top End Minerals Limited Acadian Mining Corporation, Quantum Resources Limited and Royal Roads Corporation in the last five years. He is a Fellow of the Australasian Institute of Mining & Metallurgy and the Australian Institute of Management and a Member of the Australian Institute of Company Directors.

Mr. Gutnick’s extensive experience in leading teams in building and operating major mining operations in Australia as well as his experience in founding and serving as the chief executive officer and chairman of a number of public companies will provide our Board with valuable executive leadership and management experience.

Simon Lee

Mr. Simon Lee has been Chief Financial Officer and Principal Accounting Officer since March 31, 2011. Mr. Lee has over 20 years’ experience in business and finance. Mr. Lee was previously a Partner in the Chartered Accounting firm Romanis Cant for five years, and was a Senior Manager for the preceding two years, where he gained extensive experience in a number of industries and disciplines. Mr. Lee is a Member of CPA Australia, a Certificated Member of Chartered Secretaries Australia Ltd., a Member of the Australian Institute of Company Directors, a Registered Tax Agent with the Australian Taxation Office and holds a Bachelor of Business (Accounting) from Deakin University. Mr. Lee is currently the General Manager Finance for Legend International Holdings, Inc., Golden River Resources Corporation, Consolidated Gems, Inc., which are US corporations listed on the OTC market in the USA; Northern Capital Resources Corporation and Great Central Resources Corporation, US Corporations; and Merlin Diamonds Limited, Top End Minerals Limited and Quantum Resources Limited, all listed on the Australian Securities Exchange.

Peter Lee

Mr. Peter Lee has been Secretary since July 2009 and ~~was previously~~ Chief Financial Officer and Principal Accounting Officer ~~from~~since ~~July~~January ~~2009 to March 2011~~2015. Mr. Lee is a Member of the Institute of Chartered Accountants in Australia, a Fellow of ~~Chartered~~Governance ~~Secretaries~~Institute of Australia Ltd., a Member of the Australian Institute of Company Directors and holds a Bachelor of Business (Accounting) from Royal Melbourne Institute of Technology. He has over 30 years commercial experience and is currently ~~CFO and Secretary of Legend International Holdings Inc, (since 2005)~~ Director, CFO and Secretary of Golden River Resources Corporation (for more than 10 years), and CFO and Secretary of Consolidated Gems, Inc. (since 2009), which are US corporations listed on the OTC market in the USA; CFO and Secretary of Northern Capital Resources Corp and Great Central Resources Corporation, US Corporations; and CFO and Secretary of Merlin Diamonds Limited, ~~Director,~~listed ~~CFO~~on ~~and~~the ~~Secretary~~Australian ofSecurities ~~Top~~Exchange. ~~End~~He ~~Minerals~~was ~~Limited~~a ~~and~~Director of Acadian Mining Corporation, Quantum Resources Limited, ~~all~~and ~~listed~~CFO, onSecretary ~~the~~of ~~Australian~~Legend ~~Securities~~International ~~Exchange.~~Holdings HeInc ~~was~~and a Director, CFO and Secretary of ~~Acadian~~Top ~~Mining~~End ~~Corporation~~Minerals ~~from~~Limited ~~February~~in ~~2010~~the tolast ~~October~~five ~~2013~~years.

~~The Company’s Directors have been appointed for a one-year term which expires in June 2014.~~17

The Company’s Directors ~~and~~have ~~Senior~~been ~~Executives~~appointed ~~devote~~for ~~sufficient~~a ~~amounts~~one-year ofterm which ~~their~~will ~~business~~continue ~~time~~until totheir ~~the~~successors ~~affairs~~have ofbeen ~~the~~elected ~~Company~~and ~~to advance its activities~~qualified.

The Director and Senior Executives devote sufficient amounts of their business time to the affairs of the Company to advance its activities.

Directors need not be stockholders of the Company or residents of the State of Delaware. Directors are elected for an annual term and generally hold office until the next Directors have been duly elected and qualified. Directors may receive compensation for their services as determined by the Board of Directors. A vacancy on the Board may be filled by the remaining Directors even though less than a quorum remains. A Director appointed to fill a vacancy remains a Director until his successor is elected by the Stockholders at the next annual meeting of Shareholder or until a special meeting is called to elect Directors.

Mr. ~~Craig~~Simon ~~Michael~~Lee, who was aCFO ~~director~~ of the Company ~~during fiscal 2013,~~ resigned as ~~a director effective as~~ of ~~November~~January 2622, ~~2013~~2015.

Involvement on Certain Material Legal Proceedings During the Last Ten Years

No director, officer, significant employee or consultant has been convicted in a criminal proceeding, exclusive of traffic violations. No director, officer, significant employee or consultant has been permanently or temporarily enjoined, barred, suspended or otherwise limited from involvement in any type of business, securities or banking activities. No director, officer or significant employee has been convicted of violating a federal or state securities or commodities law.

22On August 27, 2013 the Supreme Court of Australia found in favour of a shareholder of an entity of which Joseph Gutnick is a director in respect of the purchase of shares in that entity from Mr. Gutnick by that shareholder. The Court found and made orders that (i) notwithstanding that the purchase by the plaintiff was for a total of A$1,000,000, the investor was not a sophisticated investor within the meaning of the Corporations Act 2011 (Cth) by reason of the fact that the investment funds were paid by a number of instalments. The Court held that only a purchase where a minimum of A$500,000 was paid as a first payment qualified the purchaser as a sophisticated investor and thereby exempted the seller from providing a disclosure statement. In consequence, the Court ordered the shares purchase agreement be rescinded and declared void and that Mr. Gutnick repay the plaintiff the $1,000,000 purchase price.

MrOn November 24, 2015, Legend International Holdings Inc. ~~Gutnick~~announced ~~was~~that ~~formerly~~it ~~the~~had ~~Chairman~~entered ofinto ~~the~~a ~~Board~~Convertible Bond and ~~Mr.~~Subscription ~~Peter~~Agreement ~~Lee~~(“Bond ~~was~~Agreement”) ~~formerly~~and ~~Company~~Security ~~Secretary~~Bond ofDeed, ~~Centaur~~both ~~Mining~~dated &November ~~Exploration~~24, 2015 with Queensland Phosphate Pty Ltd (“QPL”). Pursuant to those documents, anthe ~~Australian~~Company ~~corporation~~was advised on March 16, ~~which~~2016 ~~commenced~~that anQPL ~~insolvency~~had ~~proceeding~~appointed inreceivers ~~Australia~~and managers to Paradise Phosphate Limited (“PPL”) and the Company’s shareholding in PPL on March ~~2001~~11, 2016.

On October 21, 2015, Legend International Holdings Inc. announced that Indian Farmers Fertilizer Co-Operative and its Dubai domiciled subsidiary Kisan International Trading had filed a claim in the Victorian Supreme Court (Australia) to enforce an order of the Singapore International Arbitration Centre against the Company and Mr Joseph Gutnick. Under the order, the Company and Mr Gutnick are to pay IFFCO and Kisan a total of US$12.35 million and US$28.05 million, plus interest and costs, respectively. Following on from that decision, Indian Farmers Fertilizer Co-Operative and its Dubai domiciled subsidiary Kisan International Trading have served a letter of demand on the Company for AUD$25,027,208. Legend and Mr Gutnick challenged the enforcement of the order in the Supreme Court of Victoria Australia but were unsuccessful and the Court ordered that Legend be placed in liquidation.

Mr Gutnick was a Director and Mr Lee was Chief Financial Officer and Secretary of Legend and PPL.

Following the decision of the Supreme Court in Victoria, Mr Gutnick declared personal bankruptcy.

Board, Audit Committee and Remuneration Committee Meetings

Our Board of Directors currently consists of one director~~, but consisted of two directors during fiscal 2013~~. During fiscal ~~2013~~2015, our Board of Directors ~~did~~met ~~not meet~~once. ~~The Board of Directors also use resolutions in writing to deal with certain matters, and during fiscal 2013, one resolution in writing was signed by all Directors.~~

We do not have a nominating committee. Historically our entire Board has selected nominees for election as directors. The Board believes this process has worked well thus far particularly since it has been the Board's practice to require unanimity of Board members with respect to the selection of director nominees. In determining whether to elect a director or to nominate any person for election by our stockholders, the Board assesses the appropriate size of the Board of Directors, consistent with our bylaws, and whether any vacancies on the Board are expected due to retirement or otherwise. If vacancies are anticipated, or otherwise arise, the Board will consider various potential candidates to fill each vacancy. Candidates may come to the attention of the Board through a variety of sources, including from current members of the Board, stockholders, or other persons. The Board of Directors has not yet had the occasion to, but will, consider properly submitted proposed nominations by stockholders who are not directors, officers, or employees of Aurum, Inc. on the same basis as candidates proposed by any other person. We do not have a policy with respect to the use of diversity as a criteria for Board membership and do not consider diversity in the selection of our Directors.

Audit Committee

At October 31, ~~2013~~2015, the Company had not formed an audit committee or adopted an audit committee charter. In lieu of an audit committee, the Company's Board of Directors assumes the responsibilities that would normally be those of an audit committee. Given the limited scope of the Company’s operations to date, the Board of Directors does not at present have a director that would qualify as an audit committee financial expert under the applicable federal securities law regulations.

Remuneration Committee

At October 31, ~~2013~~2015, the Company had not formed a remuneration committee or adopted a remuneration committee charter. In lieu of a remuneration committee, the Company's board of directors assumes the responsibilities that would normally be those of a remuneration committee.

Code of Ethics

We have adopted a Code of Conduct and Ethics and it applies to all Directors, Officers and employees. A copy of the Code of Conduct and Ethics is on our website at auruminc.net. We will provide a copy of the Code of Conduct and Ethics any person without charge. If you require a copy, contact us by facsimile or email and we will send you a copy.

Stockholder Communications with the Board

Stockholders who wish to communicate with the Board of Directors should send their communications to the Chairman of the Board at the address listed below. The Chairman of the Board is responsible for forwarding communications to the appropriate Board members.

Mr. Joseph Gutnick

Aurum, Inc.

PO Box 6315 St. Kilda Road

Central Melbourne, Victoria 8008 Australia

Section 16(a) Beneficial Ownership Reporting Compliance

Pursuant to Section 16(a) of the Securities Exchange Act of 1934, our Directors, executive officers and beneficial owners of more than 10% of the outstanding Common Stock are required to file reports with the Securities and Exchange Commission concerning their ownership of and transactions in our Common Stock and are also required to provide to us copies of such reports. Based solely on such reports and related information furnished to us, we believe that in fiscal ~~2013~~2015 all such filing requirements were complied with in a timely manner by all Directors, executive officers and greater than 10% stockholders.

Item 11. Executive Compensation.

The following table sets forth the annual salary, bonuses and all other compensation awards and pay outs on account of our ~~Executive Chairman and~~ Chief Executive Officer for services rendered to us during the fiscal years ended October 31, ~~2013~~2015 and October 31, ~~2012~~2014. No other executive officer received more than US$100,000 per annum during this period. The amounts listed below were paid by us to AXIS, which provides the services of ~~Messrs~~Mr. Gutnick ~~and Michael~~.

Summary Compensation Table

Name and Principal Position

Year

Salary

~~Year~~Bonus

Stock Awards

Option Awards

~~Salary~~Non-Equity Incentive Plan Compensation

Change in Pension Value and Nonqualified Deferred Compensation Earnings

All Other Compensation

Total

~~Bonus~~

~~Stock Awards~~

~~Option Awards~~

~~Non-Equity Incentive Plan Compensation~~

~~Change in Pension Value and Nonqualified Deferred Compensation Earnings~~

~~All Other Compensation~~

~~Total~~

Joseph Gutnick, Chairman of the Board, President and CEO (1)

2015 2014

- $ 3,004

~~2013~~- ~~2012~~-

- -

$- $-

~~6,208~~- ~~10,637~~-

- -

- $ 3,004

~~- -~~

~~$ $~~

~~6,208 10,637~~

Craig Michael, Director and CEO(2)

2013 2012

$ $

- 10,639

$ $

- 10,639

1. Joseph Gutnick appointed July 23, 2009, resigned as CEO on June 6, 2011 and was reappointed on April 30, 2012.

2. Craig Michael was appointed on June 6, 2011 and resigned as CEO on April 30, 2012.

We have a policy that we will not enter into any transaction with an officer, Director or affiliate of the Company or any member of their families unless the terms of the transaction are no less favourable to us than the terms available from non-affiliated third parties or are otherwise deemed to be fair to the Company at the time authorised.

Outstanding Equity Awards at Fiscal Year-End

None.

Principal Officers Contracts

The principal officers do not have any employment contracts.

2420

2010 Stock Option Plan

The 2010 Plan provides for the granting of options. The maximum number of shares available for awards is 10% of the issued and outstanding shares of common stock on issue at any time (on a fully diluted basis). If an option expires or is cancelled without having been fully exercised or vested, the remaining shares will generally be available for grants of other awards.

The 2010 Plan is administered by the Board of Directors.

Any employee, director, officer, consultant of or to the Company or an affiliated entity (including a company that becomes an affiliated entity after the adoption of the 2010 Plan) is eligible to participate in the 2010 Plan if the Board, in its sole discretion, determines that such person has contributed significantly or can be expected to contribute significantly to the success of the Company or an affiliated entity. During any one year period, no participant is eligible to be granted options to purchase more than 5% of our issued and outstanding shares of common stock or if they provide investor relations activities, or are a consultant to the Company, 2% of the issued and outstanding shares of common stock in any 12 month period.

Options granted under the 2010 Plan are to purchase Aurum common stock. The term of each option will be fixed by the Board, but no option will be exercisable more than 10 years after the date of grant. The option exercise price is fixed by the Board at the time the option is granted. The exercise price must be paid in cash. Options granted to participants vest and have a term of 10 years, unless otherwise decided by the Board at the time of issue.

No award is transferable, or assignable by the participant except upon his or her death.

The Board may amend the 2010 Plan, except that no amendment may adversely affect the rights of a participant without the participant’s consent or be made without stockholder approval if such approval is necessary to qualify for or comply with any applicable law, rule or regulation the Board deems necessary or desirable to qualify for or comply with.

Subject to earlier termination by the Board, the 2010 Plan has an indefinite term except that no Incentive Stock Options (“ISO”) may be granted following the tenth anniversary of the date the 2010 Plan is approved by stockholders.

There are no current plans or arrangements to grant any options under the 2010 Plan other than those already issued.

Compensation Pursuant to Plans

The Company does not have any pension or profit sharing plans.

Compensation of Directors

The Company’s directors did not receive any compensation during fiscal ~~2013~~2015 other than as disclosed in the Summary Compensation Table.

It is our policy to reimburse Directors for reasonable travel and lodging expenses incurred in attending Board of Directors meetings.

2521

Securities authorized for issuance under equity compensation plans

The following table sets forth, as of October 31, ~~2013~~2015, information regarding options under our 2010 stock option plan, our only active plan. The 2010 Plan has not been approved by our stockholders. Outstanding options under this plan that are forfeited or cancelled will be available for future grants. All of the options are for the purchase of our common stock.

Plan Category	Number of securities to be issued upon exercise of outstanding options (a)		Weighted average Exercise price of outstanding options (b)	~~Weighted~~Number ~~average~~of ~~Exercise~~securities ~~price~~remaining ofavailable ~~outstanding~~for ~~options~~future issuances under equity compensation plans (bexcluding securities reflected in column (a)) (c)		~~Number of securities remaining available for future issuances under equity compensation plans (excluding securities reflected in column (a)) (c)~~
Equity compensation plans approved by security holders	-	-	-	-	-			-
Equity compensation plans not approved by security holders	3,250,000	~~3,250,000~~	$1.00	$7,635,000	~~1.00~~		~~7,635,000~~
Total	3,250,000 (1)	~~3,250,000~~	~~(1)~~	7,635,000 (1)			~~7,635,000~~	~~(1)~~

(1)	The maximum number of shares available for issuance under the 2010 stock option plan is equal to 10% of the issued and outstanding shares (on a fully diluted basis) of common stock, at any time.

As a result of the termination of the employees holding the options, the employees had a period of 90 days from the date of termination to exercise the options. The holders did not exercise the options therefore the options expired in April 2014 and May 2015.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The following table sets forth certain information regarding the beneficial ownership of our common stock by each person or entity known by us to be the beneficial owner of more than 5% of the outstanding shares of common stock, each of our directors and named executive officers, and all of our directors and executive officers as a group as of ~~January~~September 2422, ~~2014~~2017.

Title of Class	Name and Address of Beneficial Owner*	~~Name~~Amount and ~~Address~~nature of Beneficial Owner*	Percentage of class (1)	~~Amount and nature of Beneficial Owner~~			~~Percentage of class (1)~~
Shares of common stock Shares of common stock Shares of common stock		Joseph Gutnick Simon Lee Peter Lee			101,600,000 - -	(2)		96.21 - -
Shares of Common Stock Shares of Common Stock	Joseph Gutnick All officers and Directors as a group	101,600,000 101,600,000	74.92 74.92
		All officers and Directors as a group			101,600,000			96.21

* Unless otherwise indicated, the address of each person is c/o Aurum, Inc., Level 81A, ~~580~~42 ~~St.~~Moray ~~Kilda Road~~Street, ~~Melbourne~~Southbank, Victoria ~~3004~~3006 Australia

Notes:

(1) Based on ~~105~~135,600,000 shares outstanding as of ~~January~~September 2422, ~~2014~~2017. Gives effect to an 8 for 1 stock split in the form of a dividend that was effected as of October 23, 2009.

(2) Includes 101,600,000 shares owned by Golden Target Pty Ltd, of which the family of Mr. Joseph Gutnick isare the sole ~~Director~~Directors and ~~stockholder~~stockholders.

Item 13. Certain Relationships and Related Transactions and Director Independence

In August 2009, the Company entered into an agreement with AXIS Consultants Pty Ltd (“AXIS”) to provide geological, management and administration services to the Company. AXIS has some common management and is incorporated in Australia. ~~One of the Company’s directors (~~Mr. ~~Joseph Gutnick) is also a director of AXIS and Mr.~~ Peter Lee is Chief Financial Officer and Company Secretary of AXIS and ~~owe~~owes fiduciary duties to both parties. AXIS’ principal business is to provide geological, management and administration services to companies. We are one of ~~nine~~six companies that AXIS provides services to, namely, ~~Legend International Holdings, Inc., Quantum Resources Limited,~~ Merlin Diamonds Limited, ~~Top End Minerals Limited,~~ Northern Capital Resources Corp, Golden River Resources Corporation, Great Central Resources Corp, Aurum Inc., and Consolidated Gems Inc.

Each of the companies has some common Directors, officers and shareholders. In addition, each of the companies is substantially dependent upon AXIS for its senior management and certain mining and exploration staff. A number of arrangements and transactions have been entered into from time to time between such companies. It has been the intention of the companies and respective Boards of Directors that each of such arrangements or transactions should accommodate the respective interest of the relevant companies in a manner which is fair to all parties and equitable to the shareholders of each. Currently, there are no material arrangements or planned transactions between the Company and any of the other companies other than AXIS.

AXIS is paid by each company for the costs incurred by it in carrying out the administration function for each such company. Pursuant to the Service Agreement, AXIS performs such functions as payroll, maintaining employee records required by law and by usual accounting procedures, providing insurance, human resources, company secretarial, land management, certain exploration and mining support including provision of exploration managers and geologists, financial, accounting advice and services. AXIS also provides for the Company various services, including but not limited to the making available of office supplies, office facilities and any other services as may be required from time to time by the Company as and when requested by the Company.

We are required to reimburse AXIS for any direct costs incurred by AXIS for the Company. In addition, we are required to pay a proportion of AXIS’s overhead cost based on AXIS’s management estimate of our utilisation of the facilities and activities of AXIS plus a service fee of not more than 15% of the direct and overhead costs. Amounts invoiced by AXIS are required to be paid by us. We are also not permitted to obtain from sources other than AXIS, and we are not permitted to perform or provide ourselves, the services contemplated by the Service Agreement, unless we first request AXIS to provide the service and AXIS fails to provide the service within one month.

The Service Agreement may be terminated by AXIS or ourselves upon 60 days prior notice. If the Service Agreement is terminated by AXIS, we would be required to independently provide, or to seek an alternative source of providing, the services currently provided by AXIS. There can be no assurance that we could independently provide or find a third party to provide these services on a cost-effective basis or that any transition from receiving services under the Service Agreement will not have a material adverse effect on us. Our inability to provide such services or to find a third party to provide such services may have a material adverse effect on our operations.

The arrangement with AXIS has changed since it was originally entered into as the relationship has evolved as a result of the requirements of certain suppliers to be able to deal directly with us. In these cases, AXIS does not charge us a management or service fee in respect to these arrangements with suppliers who deal with us directly. The types of services that are provided directly to us include audit and tax services, legal services, stock transfer services, drilling services, assay laboratory services, leases of some offices, finance leases and Delaware franchise tax.

In accordance with the Service Agreement, AXIS provides the Company with the services of our Chief Executive Officer, Chief Financial Officer and clerical employees, as well as office facilities, equipment, administrative and clerical services. We pay AXIS for the actual costs of such facilities plus a maximum service fee of 15%. AXIS billed Aurum $~~225~~56,~~336~~226 (~~2012~~2014: $~~268~~71,~~329~~597) as per the services agreement for ~~2013~~2015.

27During the year ended October 31, 2015, AXIS provided services in accordance with the services agreement and incurred direct costs on behalf of the Company of $56,226 (2014: $71,597), and advanced the Company $23,180 (2014: $170,991). For the year ended October 31, 2015, the foreign currency translation effect of the amount owed to AXIS was a gain of approximately $1,224,634 (2014: $542,982). During fiscal 2015, the Company issued 30,000,000 shares of common stock to AXIS as repayment of a debt of $5,057,776. At October 31, 2015, the Company owed AXIS $834,327 (2014: $7,025,426). The Company has received advances from AXIS in connection with the ongoing business relationship between the two parties, which have been disclosed in the Company’s SEC reports, but which are not specifically provided for in the AXIS Services Agreement. Historically, the shortfall in our cash receipts has been covered by cash advances from AXIS. The purpose of such advances is to assist us in meeting our ongoing cash flow requirements. The parties are in discussions in relation to the Company providing security to AXIS for the amount outstanding however no agreement has been reached to-date. Mr. Peter Lee is Chief Financial Officer & Company Secretary of AXIS and owes fiduciary obligations to both parties. It is the intention of the Boards of Directors of AXIS and the Company that this issue be resolved in a manner that is fair to all parties and equitable to the shareholders of each, but there are no agreements or understandings addressing the priority or dispensation of fiduciary duties with respect to the discussions to resolve the amount outstanding owed to AXIS or any other conflict of interest with AXIS or other affiliates. At October 31, 2015, the Company owed the former Managing Director of its Laos operation $232,500 (2014: $232,500). The Company intends to repay these amounts with funds raised either via additional debt or equity offerings. AXIS and the former Managing Director have advised they do not currently intend to require repayment of these advances prior to October 31, 2016, accordingly, the Company has decided to classify the amounts payable as non-current in the accompanying balance sheets.

During the year ended October 31, 2013, AXIS provided services in accordance with the services agreement and incurred direct costs on behalf of the Company of $225,336 (2012: $268,329), and advanced the Company $714,138 (2012: $2,029,099). At October 31, 2013, the Company owed AXIS $7,325,820 (2012: $6,456,697). The Company has received advances from AXIS in connection with the ongoing business relationship between the two parties, which have been disclosed in the Company’s SEC reports, but which are not specifically provided for in the AXIS Services Agreement. Historically, the shortfall in our cash receipts has been covered by cash advances from AXIS. The purpose of such advances is to assist us in meeting our ongoing cash flow requirements. The parties are in discussions in relation to the Company providing security to AXIS for the amount outstanding and such discussions are anticipated to be concluded by the end of the second fiscal quarter of 2014, however no agreement has been reached to-date. Our director (Mr. Gutnick) is also a director of AXIS and Mr. Peter Lee is Chief Financial Officer & Company Secretary of AXIS and owe fiduciary obligations to both parties. It is the intention of the Boards of Directors of AXIS and the Company that this issue be resolved in a manner that is fair to all parties and equitable to the shareholders of each, but there are no agreements or understandings addressing the priority or dispensation of fiduciary duties with respect to the discussions to resolve the amount outstanding owed to AXIS or any other conflict of interest with AXIS or other affiliates. During the year ended October 31, 2013 the Manager of the Laos operations advanced the Company $59,000 (2012: $173,500). At October 31, 2013, the Company owed the Manager $232,500 (2012: $173,500). The Company intends to repay these amounts with funds raised either via additional debt or equity offerings. AXIS and the Manager have advised it does not currently intend to require repayment of these advances prior to October 31, 2014, accordingly, the Company has decided to classify the amounts payable as non-current in the accompanying balance sheets.23

Transactions with Management

We have a written policy that we will not enter into any transaction with an Officer, Director or affiliate of us or any member of their families unless the transaction is approved by a majority of our disinterested non-employee Directors and the disinterested majority determines that the terms of the transaction are no less favourable to us than the terms available from non-affiliated third parties or are otherwise deemed to be fair to us at the time authorised.

Item 14. Principal Accounting Fees and Services

The following table shows the audit fees that were billed or are expected to be billed by PKF for fiscal ~~2013~~2015 and ~~2012~~2014.

	2013		2012
	2015		2014
Audit fees	$	35$31,~~925~~000	$	35$37,~~000~~035
Audit related fees		-		-
Tax fees		$6,242		$3,356
Tax fees	$	8,724	$	6,000
Total		$37,742		$40,391
Total	$	44,649	$	41,000

Audit fees were for the audit of our annual consolidated financial statements, review of consolidated financial statements included in our 10-Q quarterly reports, and services that are normally provided by independent auditors in connection with our other filings with the SEC. This category also includes advice on accounting matters that arose during, or as a result of, the audit or review of our interim consolidated financial statements.

As part of its duties, our Board pre-approves audit and non-audit services performed by our independent auditors in order to assure that the provision of such services does not impair the auditors’ independence. Our Board does not delegate to management its responsibilities to pre-approve services performed by our independent auditors.

2924

PART IV

Item 15. Exhibits, Financial Statement Schedules

(a)	Financial Statements and Notes thereto.

The Consolidated Financial Statements and Notes thereto listed on the Index at page 3528 of this Annual Report on Form 10-K are filed as a part of this Annual Report.

(b)

Exhibits

The Exhibits to this Annual Report on Form 10-K are listed in the Exhibit Index at page 3428 of this Annual Report.

3025

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has caused this Annual Report to be signed on its behalf by the undersigned, thereunto duly authorised.

AURUM, INC. (Registrant) By: /s/ Simon Lee Simon Lee Chief Financial Officer (Principal Financial Officer)

		AURUM, INC.

		(Registrant)


	By:	/s/ Peter Lee
		Peter Lee
		Chief Financial Officer
		(Principal Financial Officer)



Dated: September 22, 2017

~~Dated: February 12, 2014~~26

FORM 10-K Signature Page

Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons in the capacities and on the dates indicated.

Signature	~~Title~~	~~Date~~Title	Date
1. /s/ Joseph Gutnick	Chairman, President and
1.	/s/ Joseph Gutnick	Chairman, President and Chief Executive Officer.	September 22, 2017
~~Joseph Gutnick~~	~~Chief~~Joseph ~~Executive Officer.~~Gutnick	~~February 12, 2014~~
2. /s/ Simon Lee	Chief Financial Officer
Simon Lee	(Principal Financial Officer).	February 12, 2014

~~/s/ Simon Lee~~ 27

EXHIBIT INDEX

Incorporated by Reference to:		Exhibit No	Exhibit
(1)	Exhibit 3.1	3.1	Articles of Incorporation of Aurum, Inc.
(1)	Exhibit 3.2	3.2	Bylaws of Aurum, Inc.
(1)	Exhibit 3.3	3.3	Agreement and Plan of Merger between Liquid Financial Engines, Inc. and Aurum, Inc.
(2)	Exhibit 10.1	10.1	2010 Equity Incentive Plan.
(3)	Exhibit 10.4	10.4	Service Agreement dated August 31, 2009, by and between the Registrant and AXIS Consultants Pty Ltd.
(4)	Exhibit 99.3	1099.53	Century Thrust Management and Shareholders Agreement.
(5)	Exhibit 99.2	1099.62	Lao Inter Mining Options Limited Agreement.
	*	21.1	Subsidiaries of the Registrant.
	*	31.1	Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Joseph Gutnick.
	*	31.2	Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Simon Lee.
		31.2	Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by Peter Lee.
	*	32.1	Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by Joseph Gutnick.
	*	32.2	Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by Simon Lee.
		32.2	Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by Peter Lee.
101			The following materials from the Aurum Inc. Annual Report on Form 10-K for year ended October 31, ~~2013~~2015 formatted in Extensible Business Reporting Language (XBRL): (i) the Balance Sheets, (ii) the Statements of Operations , (iii) the Statements of Stockholders’ Equity (Deficit), (iv) the Statements of Cash Flows and (v) related notes.

*Filed herewith

Footnotes:

(1)	Incorporated by reference to the Registrant’s Information Statement on Schedule 14C filed on December 21, 2009.
(2)	Incorporated by reference to the Company’s 10-Q filed on March 16, 2011.
(3)	Incorporated by reference to the Company’s 10-K filed on January 27, 2011.
(4)	Incorporated by reference to the Company’s 8-K filed on February 25, 2011.
(5)	Incorporated by reference to the Company’s 8-K filed on April 6, 2011.

(1)	Incorporated by reference to the Registrant’s Information Statement on Schedule 14C filed on December 21, 2009.

33(2) Incorporated by reference to the Company’s 10-Q filed on March 16, 2011.

~~Financial~~(3) ~~Statements~~Incorporated asby ofreference ~~October~~to ~~31,~~the ~~2013~~Company’s ~~and~~10-K ~~2012~~filed ~~and~~on ~~for~~January ~~the years ended October 31~~27, ~~2013 and 2012~~2011.

(4)	Incorporated by reference to the Company’s 8-K filed on February 25, 2011.

(5)	Incorporated by reference to the Company’s 8-K filed on April 6, 2011.

Consolidated Financial Statements as of October 31, 2015 and 2014 and for the years ended October 31, 2015 and 2014.

Aurum, Inc.

Audited Consolidated Financial Statements for the Company as of October 31, ~~2013~~2015 and ~~2012~~2014 and for the years ended October 31, ~~2013~~2015 and ~~2012~~2014.

3429

AURUM, INC.

Consolidated Financial Statements

October 31, ~~2013~~2015 and ~~2012~~2014

(with Report of Independent Registered Public Accounting Firm)

CONTENTS

CONTENTS



	Page

Report of Independent Registered Public Accounting Firm	F-3

Consolidated Balance Sheets	F-4

Consolidated Statements of Operations	F-5

Consolidated Statements of Stockholders’ Equity (Deficit)	F-6

Consolidated Statements of Cash Flows	F-7

Notes to Consolidated Financial Statements	F-8 – F-16

	Page
Report of Independent Registered Public Accounting Firm		F-3
Balance Sheet		F-4
Statements of Operations		F-5
Statements of Stockholders’ Equity (Deficit)		F-6
Statements of Cash Flows		F-7
Notes to Financial Statements		F-8 – F-16

F - 2

F-2

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Stockholders of Aurum, Inc.

We have audited the accompanying consolidated balance ~~sheet~~sheets of Aurum, Inc. ~~(An Exploration Stage Company)~~ as of October 31, ~~2013~~2015 and ~~2012~~2014, and the related consolidated statements of operations, stockholders’ equity (deficit) and cash flows for the years ended October 31, ~~2013~~2015 and ~~2012 and for the cumulative period September 29, 2008 to October 31, 2013~~2014. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. We were not engaged to perform an audit of the Company’s internal control over financial reporting. Our audits include consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall consolidated financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Aurum, Inc. at October 31, ~~2013~~2015 and ~~2012~~2014, and the results of its operations and its cash flows for the years ~~ended~~then ~~October 31~~ended, ~~2013 and 2012 and for the cumulative period September 29, 2008 to October 31, 2013,~~ in conformity with accounting principles generally accepted in the United States of America.

The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As described in note 1, at October 31, ~~2013~~2015, the Company has limited assets, anegative working capital ~~deficit~~, has not yet commenced revenue producing operations and has ~~accumulated~~a ~~losses~~retained (deficit) of approximately $109,~~600~~100,000. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Management’s plans in regard to these matters are also discussed in note 3.

/s/ PKF O’Connor Davies, LLP

A Division of O’Connor Davies, LLP

New York, NY

~~February~~September 1221, ~~2014~~2017

F - 3

AURUM, INC.

~~(An~~Consolidated ~~Exploration~~Balance ~~Stage Company)~~Sheets

~~Balance~~October ~~Sheets~~31, 2015 and 2014

October 31, 2013 and 2012

	2015 US$			2014 US$
ASSETS

Current Assets:
Cash		197			3,073
Prepayments		-			963
Total Current Assets		197			4,036

Total Assets		197			4,036

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Current Liabilities:
Accounts payable and accrued expenses		205,355			248,841
Total Current Liabilities		205,355			248,841

Non-Current Liabilities:
Payable to affiliates		1,066,827			7,257,926
Total Non-Current Liabilities		1,066,827			7,257,926

Total Liabilities		1,272,182			7,506,767

Stockholders’ Equity (Deficit):
Common stock: $.0001 par value 500,000,000 shares authorised 135,600,000 shares issued and outstanding (2014: 105,600,000)		13,560			10,560
Additional paid-in-capital		7,794,983			2,740,207
Retained (deficit)		(9,080,528	)		(10,253,498	)
Total Stockholders’ Equity (Deficit)		(1,271,985	)		(7,502,731	)

Total Liabilities and Stockholders’ Equity (Deficit)		197			4,036

	2013 US$			2012 US$
ASSETS
Current Assets:
Cash		12,797			18,721
Receivables - Affiliates		19,696			14,760
Prepayments		8,744			24,298
Total Current Assets		41,237			57,779
Non-Current Assets:
Property and Equipment, net of accumulated depreciation of $106,032 and $77,614		423			28,841
Total Non-Current Assets		423			28,841
Total Assets		41,660			86,620
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities:
Accounts Payable and Accrued Expenses		402,738			162,670
Total Current Liabilities		402,738			162,670
Non-Current Liabilities:
Payable to affiliates		7,558,320			6,630,197
Total Non-Current Liabilities		7,558,320			6,630,197
Total Liabilities		7,961,058			6,792,867
Stockholders’ Equity (Deficit):
Common stock: $.0001 par value 500,000,000 shares authorised, and 105,600,000 shares issued and outstanding at October 31, 2013 and at October 31, 2012.		10,560			10,560
Additional Paid-in-Capital		2,740,207			2,663,669
Accumulated (Deficit) during exploration stage		(10,580,156	)		(9,290,467	)
Accumulated (Deficit) prior to exploration activities		(90,009	)		(90,009	)
Total Stockholders’ Equity (Deficit)		(7,919,398	)		(6,706,247	)
Total Liabilities and Stockholders’ Equity (Deficit)		41,660			86,620
See Notes to Financial Statements

See Notes to Consolidated Financial Statements

F - 4

AURUM, INC.

~~(An~~Consolidated ~~Exploration~~Statements ~~Stage~~of ~~Company)~~Operations

Statements of Operations

	Year Ended October 31, 2015 US$			Year Ended October 31, 2014 US$

Revenues		-			-

Cost and expenses
Legal, accounting & professional		70,266			60,319
Administration expenses		49,636			110,847
Exploration expenses		-			185,296
Interest expense, net		150			-
Total costs and expenses		120,052			356,462
(Loss) from operations		(120,052	)		(356,462	)

Other income		66,646			-
Foreign currency exchange gain		1,226,376			542,739
Income before income tax		1,172,970			186,277

Provision for income tax		-			-
Net income		1,172,970			186,277

Basic and diluted net income per common equivalent shares		0.01			0.00

Weighted average number of common equivalent shares used per share calculation (in 000’s)		113,244			105,600

	Year Ended October 31, 2013 US$			Year Ended October 31, 2012 US$			For the period from inception September 29, 2008 to October 31, 2013 US$
Revenues		-			-			-
Cost and expenses
Legal, accounting & professional		80,803			39,521			305,004
Administration expenses		253,622			314,888			1,020,122
Consultation salaries - stock based compensation		76,538			646,953			2,729,167
Exploration expenses		1,475,593			2,617,093			6,912,507
Donations		-			-			100,000
Interest expense, net		1,615			-			1,629
Total costs and expenses		1,888,171			3,618,455			11,068,429
(Loss) from operations		(1,888,171	)		(3,618,455	)		(11,068,429	)
Foreign currency exchange gain		598,482			86,672			398,730
Other income:
Interest – other		-			3			134
(Loss) before income tax		(1,289,689	)		(3,531,780	)		(10,669,565	)
Provision for income tax		-			-			-
Net (loss)		(1,289,689	)		(3,531,780	)		(10,669,565	)
Basic and diluted net (loss) per common equivalent shares		(0.01	)		(0.03	)		(0.10	)
Weighted average number of common equivalent shares outstanding (000’s)		105,600			105,600			104,681
See Notes to Financial Statements

See Notes to Consolidated Financial Statements

F - 5

AURUM, INC.

~~(An~~Consolidated ~~Exploration~~Statements ~~Stage~~of ~~Company~~Stockholders’ Equity (Deficit)

~~Statements~~October of31, ~~Stockholders’ Equity (Deficit)~~2015

	Shares	~~Shares~~Common Stock Amount	Additional Paid-in Capital	Accumulated (Deficit)	Total	~~Common Stock Amount~~		~~Additional Paid-in Capital~~		~~Accumulated (Deficit) during exploration stage~~			~~Accumulated (Deficit) prior to exploration activities~~			~~Total~~
		US$	US$	US$	US$	~~US$~~		~~US$~~		~~US$~~			~~US$~~			~~US$~~
Inception, September 29, 2008			-				-		-		-			-			-
Balance, October 31, 2013	105,600,000	10,560	2,740,207	(10,439,775)	(7,689,008)
Issuance of shares			96,000,000				9,600		-		-			(600	)		9,000
Net income	-	-	-	186,277	186,277
Net (loss)			-				-		-		-			(12	)		(12	)
Balance, October 31, 2014	105,600,000	10,560	2,740,207	(10,253,498)	(7,502,731)
Balance, October 31, 2008			96,000,000				9,600		-		-			(612	)		8,988
Issuance of common stock	30,000,000	3,000	5,054,776	-	5,057,776
Issuance of shares			9,600,000				960		11,040		-			-			12,000
Net income	-	-	-	1,172,970	1,172,970
Net (loss)			-				-		-		-			(89,397	)		(89,397	)
Balance, October 31, 2015	135,600,000	13,560	7,794,983	(9,080,528)	(1,271,985)
Balance, October 31, 2009			105,600,000				10,560		11,040		-			(90,009	)		(68,409	)
Net (loss)			-				-		-		(981,396	)		-			(981,396	)
Balance, October 31, 2010			105,600,000				10,560		11,040		(981,396	)		(90,009	)		(1,049,805	)
Amortisation of 3,250,000 options under 2010 equity incentive plan			-				-		2,005,676		-			-			2,005,676
Net (loss)			-				-		-		(4,777,291	)		-			(4,777,291	)
Balance, October 31, 2011			105,600,000				10,560		2,016,716		(5,758,687	)		(90,009	)		(3,821,420	)
Amortisation of 3,250,000 options under 2010 equity incentive plan			-				-		646,953		-			-			646,953
Net (loss)			-				-		-		(3,531,780	)		-			(3,531,780	)
Balance, October 31, 2012			105,600,000				10,560		2,663,669		(9,290,467	)		(90,009	)		(6,706,247	)
Amortisation of 3,250,000 options under 2010 equity incentive plan			-				-		76,538		-			-			76,538
Net (loss)			-				-		-		(1,289,689	)		-			(1,289,689	)
Balance, October 31, 2013			105,600,000				10,560		2,740,207		(10,580,156	)		(90,009	)		(7,919,398	)

See Notes to Consolidated Financial Statements

F - 6

AURUM, INC.

~~(An~~Consolidated ~~Exploration~~Statements ~~Stage~~of ~~Company)~~Cash Flows

Statements of Cash Flows

	Year Ended October 31, 2015			Year Ended October 31, 2014
	US$			US$

CASH FLOW FROM OPERATING ACTIVITIES

Net income		1,172,970			186,277

Adjustments to reconcile net income to net cash (used) in operating activities:
Foreign currency exchange (gain)		(1,226,376	)		(542,739	)
Depreciation		-			423

Changes in operating assets and liabilities:
Prepayments		963			7,781
Receivables		-			19,696
Accounts payable and accrued expenses		(43,486	)		76,493
Net Cash (used) in Operating Activities		(95,929	)		(252,069	)


CASH FLOW FROM FINANCING ACTIVITIES

Advances payable – affiliates		91,311			242,588
Net Cash provided by Financing Activities		91,311			242,588

Effect of exchange rate changes on cash		1,742			(243	)

Net (decrease) in Cash		(2,876	)		(9,724	)

Cash at Beginning of Year		3,073			12,797
Cash at End of Year		197			3,073


Non-Cash Transactions

Issuance of common stock to settle liability		5,057,776			-

	Year Ended October 31, 2013			Year Ended October 31, 2012			For the period from inception September 29, 2008 to October 31, 2013
	US$			US$			US$
CASH FLOWS FROM OPERATING ACTIVITIES
Net (Loss)	$	(1,289,689	)	$	(3,531,780	)	$	(10,669,565	)
Adjustments to reconcile net (loss) to net cash (used) in operating activities:
Employee options issued for stock based compensation		76,538			646,953			2,729,167
Foreign Currency Exchange (Gain)		(598,482	)		(86,672	)		(400,746	)
Depreciation		28,418			40,044			106,032
Changes in operating assets and liabilities:
Prepayments		15,554			430,619			(8,744	)
Receivables		(4,936	)		(13,398	)		(19,696	)
Accounts Payable and Accrued Expenses		240,068			(19,743	)		402,738
Net Cash used in Operating Activities		(1,532,529	)		(2,533,977	)		(7,860,814	)
CASH FLOWS (USED) BY INVESTING ACTIVITIES
Property, plant & equipment		-			-			(106,455	)
Options fees prepaid		-			-			-
Net Cash (used) by Investing Activities		-			-			(106,455	)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES
Issuance of shares		-			-			21,000
Advances Payable – Affiliates		1,530,897			2,522,687			7,946,248
Net Cash Provided by Financing Activities		1,530,897			2,522,687			7,967,248
Effect of exchange rate changes on cash		(4,292	)		19,878			12,818
Net Increase (Decrease) in Cash		(5,924	)		8,588			12,797
Cash at Beginning of Period		18,721			10,133			-
Cash at End of Period		12,797			18,721			12,797
See Notes to Financial Statements

See Notes to Consolidated Financial Statements

F - 7

AURUM, INC.

~~(An~~Notes ~~Exploration~~to ~~Stage~~Consolidated ~~Company)~~Financial Statements

~~Notes~~October to31, ~~Financial~~2015 ~~Statements~~and 2014

October 31, 2013 and 2012

(1)	ORGANIZATION AND BUSINESS

On January 20, 2010, the Company re-incorporated in the state of Delaware (the “Reincorporation”) through a merger involving Liquid Financial Engines Inc. and Aurum, Inc., a Delaware Corporation that was a wholly owned subsidiary of Liquid. The Reincorporation was effected by merging Liquid with Aurum, with Aurum being the surviving entity. For purposes of the Company’s financial reporting status, Aurum is deemed a successor to Liquid.

In July 2009, Golden acquired a 96% interest in Aurum from certain stockholders. In connection therewith, the Company appointed a new President/Chief Executive Officer/Director and Chief Financial Officer/Secretary. The sole director and stockholder of Golden is also the President of the Company.

In December 2010, the Company executed a Management and Shareholders Agreement with Argonaut Overseas Investments Ltd (“AOI”), an indirectly wholly owned Subsidiary of Argonaut Resources N.L., in respect to Argonaut’s 70% held Century Concession in Laos. The agreement appointed Aurum as the manager of the Century Thrust Joint Venture Agreement (“Joint Venture”) and the Company had the right to earn 72.86% of AOI’s interest in the Joint Venture which was equivalent to a 51% beneficial interest in the Century Concession.

The ~~agreement appoints Aurum as the manager of the~~ Century ~~Thrust~~Concession ~~Joint~~expired ~~Venture~~in ~~Agreement~~fiscal ~~(“Joint Venture”) and the Company has the right to earn 72~~2014.~~86%~~ ofAs ~~AOI’s interest in the Joint Venture which is equivalent to~~ a ~~51%~~result, ~~beneficial interest in~~ the ~~Century~~Company ~~Concession.~~no Inlonger ~~order~~has toany ~~acquire this interest, Aurum may be required to spend US$6.5 million on~~ exploration ~~within~~interests ~~the~~in ~~five year period, ending December 2015~~Laos.

OnThe ~~February 10, 2011, the~~ Company ~~entered~~has ~~into~~funded aoperations ~~Deed~~since ofinception ~~Agreement~~through ~~with~~advances ~~the~~from ~~shareholders~~affiliated ofentities. ~~the~~The ~~Lao~~accompanying ~~Inter~~financial ~~Mining~~statements ~~Options~~have ~~Ltd~~been ~~(“LIMO”)~~prepared ~~which~~in ~~granted~~conformity ~~Aurum~~with anaccounting ~~option~~principles togenerally ~~purchase~~accepted ~~LIMO’s 20% interest~~ in the ~~Joint~~United ~~Venture~~States ~~(“Option”).~~of ~~This Agreement~~America, inwhich ~~conjunction~~contemplates ~~with~~continuation ~~the~~of ~~Management and Shareholders Agreement with AOI would have enabled~~ Aurum toas ~~acquire, at its option,~~ a ~~71%~~going ~~beneficial interest in the Century Concession~~concern. ~~On October 24~~However, ~~2011,~~Aurum ~~the~~has ~~Company~~limited ~~executed~~assets, anegative ~~Deed~~working ofcapital, ~~Variation~~has ofnot ~~Call~~yet ~~Option~~commenced ~~extending~~revenue ~~the~~producing ~~exercise~~operations ~~date~~and ofhas ~~the Option to April 24, 2012, for~~ a ~~consideration~~retained ~~of $55,000 for each month extended.~~ (~~see note 14~~deficit). ~~The Company decided not to exercise the option to purchase 20% of the Joint Venture.~~

The Company’s ~~has~~ability ~~funded~~to continue operations ~~since inception~~ through ~~advances~~the ~~from~~foreseeable ~~affiliated~~future ~~entities.~~is ~~The~~dependent ~~accompanying~~upon ~~financial~~future ~~statements~~funding ~~have~~from ~~been~~affiliated ~~prepared~~entities, incapital ~~conformity with accounting principles generally accepted in the United States of America~~raisings, ~~which~~or ~~contemplates~~its ~~continuation~~ability ofto ~~Aurum~~commence asrevenue aproducing ~~going~~operations ~~concern.~~and ~~However,~~positive ~~Aurum~~cash ~~has limited assets~~flows, ~~limited~~however ~~working~~there ~~capital,~~can ~~has~~be ~~not~~no ~~yet~~assurance ~~commenced~~that ~~revenue~~the ~~producing~~Company ~~operations~~will ~~and~~be ~~has~~successful ~~sustained~~in ~~recurring~~these ~~losses since inception~~efforts.

~~The~~F ~~Company’s~~- ability to continue operations through fiscal 2014 is dependent upon future funding from affiliated entities, capital raisings, or its ability to commence revenue producing operations and positive cash flows.8

F-8

(2)	ACCOUNTING POLICIES

The Company is an exploration stage company and the following is a summary of the significant accounting policies followed in connection with the preparation of the consolidated consolidated financial statements.

(a) Basis of presentation and use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure on contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The functional and reporting currency of the Company is the US dollar. (b) Principles of Consolidation The financial statements include the assets and liabilities of the Company and the entities it controlled at the end of the financial period and the results of the Company and the entities it controlled during the year. Where entities are not controlled throughout the entire financial year, the consolidated results include the results of those entities for that part of the period during which control exists. The effect of all transactions between entities in the group and the inter-entity balances are eliminated in full in preparing the consolidated financial statements. The Company has only one controlled entity. (c) Cash Equivalents Aurum considers all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents. For the periods presented there were no cash equivalents. (d) Federal Income Tax The Company accounts for income taxes pursuant to ASC Topic 740, "Accounting for Income Taxes", which requires an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. For the period presented, there was no taxable income. There are no deferred income taxes resulting from temporary differences in reporting certain income and expense items for income tax and financial accounting purposes. Aurum at this time is not aware of any net operating losses which are expected to be realised. (e) Australian Tax Law The Company is an Australian resident corporation under Australian law and accordingly is subject to Australian income tax on its non-exempt worldwide assessable income (which includes capital gains), less allowable deductions, at the rate of 30%. Foreign tax credits are allowed where tax has been paid on foreign source income, provided the tax credit does not exceed 30% of the foreign source income. Under the U.S. Australia tax treaty, a U.S. resident corporation such as Aurum is subject to Australian income tax on net profits attributable to the carrying on of a business in Australia through a “permanent establishment” in Australia. A “permanent establishment” is a fixed place of business through which the business of an enterprise is carried on. The treaty limits the Australian tax on interest and royalties paid by an Australian business to a U.S. resident to 10% of the gross interest or royalty income unless it relates to a permanent establishment. Although we consider that we do not have a permanent establishment in Australia, the Company may be deemed to have such an establishment due to the location of its administrative offices in Melbourne. In addition we may receive interest or dividends from time to time.

~~F-9~~The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure on contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

~~(f) Loss per Share~~ The ~~Company~~functional ~~calculates~~and ~~loss~~reporting ~~per~~currency share in accordance with ASC Topic 260, “Earnings per Share”. Basic income (loss) per share is computed by dividing net profit (loss) available to common stockholders by the weighted average number of ~~common shares outstanding during~~ the period. Diluted loss per share has not been presented as all the common stock equivalents are anti-dilutive (see Note 10). (g) Fair value of Financial Instruments FASB ASC Topic 825, “Financial Instruments”, requires the Company to disclose, when reasonably attainable, the fair values of its assets and liabilities which are deemed to be financial instruments. (h) Property and Equipment Property and equipment are recorded at cost. Depreciation is ~~provided for using~~ the ~~straight-line~~US ~~method over the estimated useful life of the assets:~~dollar.

	Depreciable Life (in years)
Office equipment	1-2
Computer equipment	1-3
Furniture	1-2

(b)	Principles of Consolidation

~~(i)~~The ~~Comparative~~consolidated ~~Figures~~financial ~~Where~~statements ~~necessary,~~include ~~comparative~~the ~~figures~~assets ~~have been restated to be consistent with current year presentation. (j) Mineral Property Acquisition, Exploration Costs~~ and ~~Amortization~~liabilities of ~~Mineral~~the ~~Rights~~Company ~~Mineral property acquisition, exploration~~ and ~~development~~the ~~costs~~entities ~~are~~it ~~expensed~~controlled asat ~~incurred~~the ~~until~~end ~~such~~of ~~time~~the asfinancial ~~economic~~period ~~reserves~~and ~~are~~the ~~quantified.~~results Toof ~~date,~~ the Company ~~has~~and ~~not~~the ~~established~~entities ~~any~~it ~~proven~~controlled orduring ~~probable~~the ~~reserves on its mineral properties~~year. ~~When~~Where itentities isare ~~determined~~not ~~that~~controlled athroughout ~~mining~~the ~~deposit~~entire ~~can~~financial ~~be economically and legally extracted or produced based on established proven and probable reserves~~year, ~~further~~the ~~exploration~~consolidated ~~costs~~results ~~and~~include ~~development~~the ~~costs~~results ~~incurred after such determination will be capitalized. The establishment~~ of ~~proven~~those ~~and~~entities ~~probable~~for ~~reserves~~that ispart ~~based on results~~ of ~~final~~the ~~feasibility~~period ~~studies~~during which ~~indicate~~control ~~whether a property is economically feasible~~exists. ~~Upon~~The ~~commencement~~effect of ~~commercial~~all ~~production,~~transactions ~~capitalized~~between ~~costs~~entities ~~will~~in ~~be transferred to~~ the ~~appropriate~~group ~~asset category~~ and ~~amortized~~the ~~over~~inter-entity ~~their~~balances ~~estimated~~are ~~useful~~eliminated ~~lives.~~in ~~Capitalized~~full ~~costs,~~in ~~net~~preparing ofthe ~~salvage~~consolidated ~~values,~~consolidated ~~relating~~financial tostatements. aThe ~~deposit~~Company ~~which~~has isonly ~~abandoned~~one orcontrolled ~~considered uneconomic for the foreseeable future, will be written off~~entity.

~~F-10~~(c) Cash Equivalents

~~(3) RECENT~~Aurum ~~ACCOUNTING~~considers ~~PRONOUNCEMENTS~~all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents. For the periods presented there were no cash equivalents.

~~The~~(d) ~~Company~~Foreign has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.Currency

~~(4) PROPERTY~~The ~~AND~~Company’s ~~EQUIPMENT~~payables to affiliates are denominated in Australian dollars and converted to U.S. dollars at the end of each reporting period. Resulting gains and losses are included in the statement of operations.

~~Property~~(e) ~~and~~Federal ~~equipment~~Income is stated at cost. The Company records depreciation and amortization, when appropriate, using the straight-line method over the estimated useful lives of the assets. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property’s useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriate accounts and the resultant gain or loss is included in net income (loss).Tax

		At October 31, 2013							At October 31, 2012
	Depreciable Life (in years)	Cost $		Accumulated Depreciation $			Net Book Value $		Cost $		Accumulated Depreciation $			Net Book Value $
Office Equipment	1-2		3,830		(3,830	)		-		3,830		(3,830	)		-
Computer Equipment	1-3		101,975		(101,552	)		423		101,975		(73,303	)		28,672
Furniture	1-2		650		(650	)		-		650		(481	)		169
			106,455		(106,032	)		423		106,455		(77,614	)		28,841

The Company accounts for income taxes pursuant to ASC Topic 740, "Accounting for Income Taxes", which requires an asset and liability approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. For the period presented, there was no taxable income. There are no deferred income taxes resulting from temporary differences in reporting certain income and expense items for income tax and financial accounting purposes. Aurum at this time is not aware of any net operating losses which are expected to be realised.

~~The~~(f) ~~depreciation~~Australian ~~expense~~Tax ~~for fiscal 2013 amounted to $28,418 and for fiscal 2012 amounted to $40,044.~~Law

The Company is an Australian resident corporation under Australian law and accordingly is subject to Australian income tax on its non-exempt worldwide assessable income (which includes capital gains), less allowable deductions, at the rate of 30%. Foreign tax credits are allowed where tax has been paid on foreign source income provided the tax credit does not exceed 30% of the foreign source income.

Under the U.S. Australia tax treaty, a U.S. resident corporation such as Aurum is subject to Australian income tax on net profits attributable to the carrying on of a business in Australia through a “permanent establishment” in Australia. A “permanent establishment” is a fixed place of business through which the business of an enterprise is carried on. The treaty limits the Australian tax on interest and royalties paid by an Australian business to a U.S. resident to 10% of the gross interest or royalty income unless it relates to a permanent establishment. Although we believe that we do not have a permanent establishment in Australia, the Company may be deemed to have such an establishment due to the location of its administrative offices in Melbourne. In addition we may receive interest or dividends from time to time.

F - 9

(g)	Income/(Loss) per Share

Basic earnings (loss) per common share is based on the weighted average number of shares outstanding during each period presented. The diluted earnings per share computation includes the effect, if any, of shares that would be issuable upon the exercise of outstanding stock options, warrants and convertible debts, reduced by the number of shares which are assumed to be purchased by the Company from the resulting proceeds at the average market price during the period, when such amounts are dilutive to the earnings per share calculation.

(h)	Fair value of Financial Instruments

FASB ASC Topic 825, “Financial Instruments”, requires the Company to disclose, when reasonably attainable, the fair values of its assets and liabilities which are deemed to be financial instruments.

The Company’s financial instruments consist of cash, accounts payable and accrued expenses, and advances from affiliate. The carrying amounts of cash, accounts payable and accrued expenses approximate their respective fair values because of the short term nature of those instruments. The fair value of the advances from affiliate is not determinable as it is due to an affiliated entity, no market exists for similar instruments and settlement date is uncertain.

(i)	Comparative Figures

Where necessary, comparative figures have been restated to be consistent with current year presentation.

(j)	Mineral Property Acquisition, Exploration Costs and Amortization of Mineral Rights

Mineral property acquisition, exploration and development costs are expensed as incurred until such time as economic reserves are quantified. To date, the Company has not established any proven or probable reserves on its mineral properties. When it is determined that a mining deposit can be economically and legally extracted or produced based on established proven and probable reserves, further exploration costs and development costs incurred after such determination will be capitalized. The establishment of proven and probable reserves is based on results of final feasibility studies which indicate whether a property is economically feasible. Upon commencement of commercial production, capitalized costs will be transferred to the appropriate asset category and amortized over their estimated useful lives. Capitalized costs, net of salvage values, relating to a deposit which is abandoned or considered uneconomic for the foreseeable future, will be written off.

F - 10

(3)	GOING CONCERN

The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company has not yet commenced revenue producing operations and had a retained (deficit) of $9,080,528 as of October 31 2015. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company will require additional funding for operations and this additional funding may be raised through debt or equity offerings. The Company has a debt due to AXIS Consultants Pty Ltd (AXIS). AXIS provides management services to the Company and the cost of these services increases the amount of the debt. In addition, the Company has historically relied on loans and advances from corporations affiliated with the President of Aurum, Inc. Based on discussions with these affiliate companies, the Company believes this source of funding will continue to be available. Other than the arrangements noted above, the Company has not confirmed any other arrangement for ongoing funding. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

(4)	RECENT ACCOUNTING PRONOUNCEMENTS

In June 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-10, “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation”. The Company adopted the update to (Topic 915) Development Stage Entities, for the elimination of certain disclosures currently required under US GAAP in the financial statements for development stage entities. The amendment removes the definition of a development stage entity, thereby removing the financial reporting distinction between the development stage entities and reporting entities from US GAAP. The Company has adopted ASU No. 2014-10 and accordingly eliminated the inception-to-date information in the statements of income, cash flows, and shareholder equity. The financial statements are no longer labelled as an exploration or development stage entity, and no disclosure is required for a description of the development stage activities the entity is engaged or when they are no longer a development stage entity. This update also eliminates an exception provided to development stage entities in FASC Topic 810, Consolidation, for determining whether an entity is a Variable Interest Entity (VIE) based on the amount of equity at risk.

In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entities Ability to Continue as a Going Concern (ASU 2014-15). The guidance in ASU 2014-15 sets forth management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern as well as required disclosures. ASU 2014-15 indicates that, when preparing financial statements for interim and annual financial statements, management should evaluate whether conditions or events, in the aggregate, raise substantial doubt about the entity's ability to continue as a going concern for one year from the date the financial statements are issued or are available to be issued. This evaluation should include consideration of conditions and events that are either known or are reasonably knowable at the date the financial statements are issued or are available to be issued, as well as whether it is probable that management's plans to address the substantial doubt will be implemented and, if so, whether it is probable that the plans will alleviate the substantial doubt. ASU 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods and annual periods thereafter. Early application is permitted. The Company will evaluate the going concern considerations in this ASU however management does not believe the financial statements require additional disclosure.

Other Recently Issued, but not Yet Effective Accounting Pronouncements

Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

F - 11

(5)	AFFILIATE TRANSACTIONS

In August 2009, the Company entered into an agreement with AXIS Consultants Pty Ltd (“AXIS”) to provide geological, management and administration services to the Company, (the “Service Agreement”). AXIS has some common management and is incorporated in Australia. ~~One of the Company’s directors (~~Mr. ~~Joseph Gutnick) is also a director of AXIS and Mr.~~ Peter Lee is Chief Financial Officer and Company Secretary of AXIS and ~~owe~~owes fiduciary duties to both parties. AXIS’s principal business is to provide geological, management and administration services to companies. We are one of ~~nine~~seven companies that AXIS provides services to, namely, ~~Legend International Holdings, Inc., Quantum Resources Limited,~~ Merlin Diamonds Limited, Top End Minerals Limited, Northern Capital Resources Corp, Golden River Resources Corporation, Great Central Resources Corp, Aurum Inc., and Consolidated Gems Inc.

~~F-11~~AXIS is paid by each company for the costs incurred by it in carrying out the administration function for each such company. Pursuant to the Service Agreement, AXIS performs such functions as payroll, maintaining employee records required by law and by usual accounting procedures, providing insurance, human resources, company secretarial, land management, certain exploration and mining support including provision of exploration managers and geologists, financial, accounting advice and services. AXIS also provides for the Company’s various services, including but not limited to the making available of office supplies, office facilities and any other services as may be required from time to time by the Company as and when requested by the Company.

~~AXIS~~We isare ~~paid~~required byto ~~each~~reimburse ~~company~~AXIS for ~~the~~any direct costs incurred by itAXIS infor ~~carrying out~~ the ~~administration~~Company. ~~function~~In ~~for~~addition, ~~each~~we ~~such~~are ~~company.~~required ~~Pursuant~~ to ~~the~~pay ~~Service~~a ~~Agreement,~~proportion of AXIS’s ~~performs~~overhead ~~such~~cost ~~functions~~based ason ~~payroll,~~AXIS’s ~~maintaining~~management ~~employee~~estimate ~~records~~of ~~required~~our byutilisation ~~law~~of the facilities and byactivities ~~usual~~of ~~accounting~~AXIS ~~procedures,~~plus ~~providing~~a ~~insurance,~~service ~~human~~fee ~~resources,~~of ~~company~~not ~~secretarial,~~more ~~land~~than ~~management,~~15% ~~certain~~of ~~exploration~~the direct and ~~mining~~overhead ~~support~~costs. ~~including~~Amounts ~~provision~~invoiced ofby ~~exploration~~AXIS ~~managers~~are ~~and~~required ~~geologists,~~to ~~financial,~~be ~~accounting~~paid ~~advice~~by ~~and services~~us. ~~AXIS~~ ~~also~~We ~~provides~~are ~~for~~also ~~the~~not ~~Company~~permitted ~~various~~to obtain services from sources other than AXIS, ~~including~~and ~~but~~we are not ~~limited~~permitted to ~~the~~perform ~~making~~or ~~available~~provide ~~of office supplies~~ourselves, ~~office~~the ~~facilities~~services ~~and~~contemplated ~~any~~by ~~other~~the ~~services~~Service asAgreement, ~~may~~unless bewe ~~required~~first ~~from~~request ~~time~~AXIS to ~~time~~provide by the ~~Company~~service as and ~~when~~AXIS ~~requested~~fails byto provide the ~~Company~~service within one month.

In accordance with the Service Agreement, AXIS provides the Company with the services of our Chief Executive Officer, Chief Financial Officer and clerical employees, as well as office facilities, equipment, administrative and clerical services. We pay AXIS for the actual costs of such facilities plus a maximum service fee of 15%. AXIS billed Aurum, Inc. as per the services agreement for ~~2013~~2015 of $~~225~~56,~~336~~226 (~~2012~~2014: $~~268~~71,~~329~~597).

During the year ended October 31, ~~2013~~2015, AXIS provided services in accordance with the services agreement and incurred direct costs on behalf of the Company of $~~225~~56,~~336~~226 (~~2012~~2014: $~~268~~71,~~329~~597), and advanced the Company $~~714~~23,~~138~~180 (~~2012~~2013: $2170,~~029,099~~091). At For the year ended October 31, ~~2013~~2015, the ~~Company~~foreign currency translation effect of the amount owed to AXIS was a gain of $71,~~325~~224,~~820~~634 (~~2012~~2014: $6542,~~456,697~~982). During ~~the~~fiscal ~~year~~2015, ~~ended~~the ~~October~~Company 31issued 30,000,000 ~~2013~~shares ~~the~~of ~~Manager~~common stock to AXIS as repayment of ~~the~~a ~~Laos~~debt ~~operations~~of ~~advanced~~$5,057,776. At October 31, 2015, the Company owed AXIS $59834,~~000~~327 (~~2012~~2014: $~~173~~7,~~500~~025,426). At October 31, ~~2013~~2015, the Company owed the ~~Manager~~Managing Director of its former Laos operations (“Manager”) $232,500 (~~2012~~2014: $~~173~~232,500). The Company intends to repay these amounts with funds raised either via additional debt or equity offerings. AXIS and the Manager have advised itthey ~~does~~do not currently intend to require repayment of these advances prior to October 31, ~~2014~~2016, accordingly, the Company has decided to classify the amounts payable as non-current in the accompanying balance sheets.

~~(6) INCOME~~F ~~TAXES~~- 12

(6)	PROPERTY AND EQUIPMENT

Property and equipment is stated at cost. The Company records depreciation and amortization, when appropriate, using the straight-line method over the estimated useful lives of the assets. Expenditures for maintenance and repairs are charged to expense as incurred.

At October 31, 2015 the Company no longer holds any property and equipment in Laos. The depreciation expense for fiscal 2015 amounted to $nil and for fiscal 2014 amounted to $423.

(7)	INCOME TAXES

The Company recognises deferred tax assets or liabilities for the expected future consequences attributable to differences between the financial statement carrying amount of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.

The Company is subject to taxation in the USA.

At October 31, ~~2013~~2015 and ~~2012~~2014, deferred taxes consisted of the following:

F-12

	USA 2015 $			Total 2015 $
Deferred tax assets

Net operating loss carry-forward		827,643			827,643
Less valuation allowance		(827,643	)		(827,643	)
Net deferred taxes		-			-

	USA 2013 $			Total 2013 $
	USA 2014 $			Total 2014 $s
Deferred tax assets
Net operating loss carry-forward		1827,~~938,947~~643			1827,~~938,947~~643
Exploration expenditure		-			-
Less valuation allowance		(827,643	)		(827,643	)
Less valuation allowance		(1,938,947	)		(1,938,947	)
Net deferred taxes		-			-
	USA 2012 $			Total 2012 $s
Deferred tax assets
Net operating loss carry-forward		1,405,146			1,405,146
Exploration expenditure		-			-
Less valuation allowance		(1,405,146	)		(1,405,146	)
Net deferred taxes		-			-

F - 13

Under ASC 740, tax benefits are recognised only for tax positions that are more likely than not to be sustained upon examination by tax authorities, based on the technical merits of the position. The valuation allowance offsets the net deferred tax asset for which there is no assurance of recovery. The valuation allowance will be evaluated at the end of each year, considering positive and negative evidence about whether the deferred tax asset will be realized.

At that time, the allowance will either be increased or reduced; reduction could result in the complete elimination of the allowance if positive evidence indicates that the value of the deferred tax assets is no longer impaired and the allowance is no longer required.

The Company’s ~~tax~~has ~~returns~~available ~~for~~net ~~all~~operating ~~years~~loss ~~since~~carry ~~fiscal~~forwards ~~2010~~as ~~remain~~of ~~open~~October to31, ~~examination~~2015, bywhich ~~the~~are ~~respective~~subject ~~tax~~to ~~authorities. There~~limitations, ~~are~~aggregating ~~currently~~approximately no$2,285,000 ~~tax~~which ~~examinations~~would expire in ~~progress~~years 2028 through 2034.

~~(7) FAIR~~The ~~VALUE~~Company’s OFtax ~~FINANCIAL~~returns ~~INSTRUMENTS~~for all years since fiscal 2012 remain open to examination by the respective tax authorities. There are currently no tax examinations in progress.

~~The~~(8) Company’s financial instruments consist of cash, accounts receivables, accounts payable and accrued expenses, and advances from affiliate. The carrying amounts of cash and accounts receivables approximate their respective fair values because of the short maturities of those instruments. Financial liabilities for which carrying values approximate fair value include accounts payable and accrued expenses. The fair value of advances from affiliate is not readily determinable as no similar market exists for these instruments and it doesn’t have a specified date of repayment.CASH

(8) EXPLORATION STAGE COMPANY

The Company is considered an exploration stage company and accordingly reports operations, stockholders deficit and cash flows since inception through the date that revenues are generated from management’s intended operations. Since inception, the Company has incurred an operating loss of approximately $10,600,000. The Company’s working capital has been primarily generated from advances from an affiliated entity as well as through the sales of common stock.

(9) CASH

The Company maintains cash deposits with financial institutions in Australia and in Laos. Cash deposits maintained in Australian dollars are translated into US dollars at the period end exchange rate with the related adjustment recognised in operations.

~~F-13~~(9) STOCKHOLDERS’ EQUITY

(10) NET LOSS PER SHARE

Basic income (loss) per share is computed by dividing net profit (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is similarly calculated using the treasury stock method except that the denominator is increased to reflect the potential dilution that would occur if dilutive securities at the end of the applicable period were exercised. Options to acquire 3,250,000 shares of common stock were not included in the diluted weighted average shares outstanding as such effects would be anti-dilutive.

(11) STOCKHOLDERS’ EQUITY

In September 2008, 96,000,000 shares of common stock were issued to the Company’s founder raising $9,000.

In March 2009, the Company raised $12,000 in a registered public offering of 9,600,000 shares of common stock share pursuant to a prospectus dated January 30, 2009.

On ~~September~~July 2931, ~~2009~~2015, the Company’s ~~Board~~issued of30,000,000 ~~Directors~~shares ~~declared~~of ancommon ~~8-for-1~~ stock ~~split~~as inrepayment ~~the form~~ of a ~~stock~~debt ~~dividend that was payable in October 2009 to stockholders~~ of ~~record as of October 23~~$5, ~~2009~~057,776.

~~The~~(10) ~~Company~~ISSUE ~~has~~OF ~~accounted~~OPTIONS ~~for~~UNDER ~~this~~EQUITY ~~bonus~~INCENTIVE ~~issue as a stock split and accordingly, all share and per share data has been retroactively restated.~~PLAN

(12) ISSUE OF OPTIONS UNDER EQUITY INCENTIVE PLAN

(i)

Effective December 13, 2010, the Company issued 2,500,000 options over shares of Common Stock to employees under the 2010 Equity Incentive Plan that has been adopted by the Directors of the Company. The options vested 1/3 on December 13, 2010, 1/3 vested on November 17, 2011 and the balance vested on November 17, 2012. The exercise price of the options is US$1.00 and the latest exercise date for the options is November 17, 2020.

The Company has accounted for all options issued based upon their fair market value using the Binomial pricing model.

AnAs ~~external~~a ~~consultant~~result ~~has~~of ~~calculated~~the termination of the ~~fair~~employee ~~value~~holding the options, the employee had a period of 90 days from the ~~2,500,000~~date ~~options~~of ~~using~~termination to exercise the ~~Binomial~~options. ~~valuation~~The ~~method~~holder ~~using~~did not exercise the ~~following~~options ~~inputs:~~therefore the options have expired in May 2015.

Grant date	Dec 13, 2010	Dec 13, 2010	Dec 13, 2010
Grant date share price	US$1.10	US$1.10	US$1.10
Vesting date	Dec 13, 2010	Nov 17, 2011	Nov 17, 2012
Expected life in years	4.5	5.0	5.5
Risk-free rate	1.91%	1.91%	1.91%
Volatility	95%	95%	95%
Exercise price	US$1.00	US$1.00	US$1.00
Call option value	US$0.78	US$0.81	US$0.83

	Options		Option Price Per Share US$		Weighted Average Exercise Price US$
Outstanding at October 31, 2011		2,500,000		1.00		1.00
Granted		-		-		-
Forfeited		-		-		-
Outstanding at October 31, 2012		2,500,000		1.00		1.00
Granted		-		-		-
Forfeited		-		-		-
Outstanding at October 31, 2013		2,500,000		1.00		1.00

F-14

The exercise price is US$1.00 per option. The weighted average per option fair value of options granted during fiscal 2011 was US$0.81 and the weighted average remaining contractual life of those options is 8 years. There are 2,500,000 options currently exercisable.

For fiscal 2013, the amortization amounted to $40,686.

(ii)

In May 2011, the Company issued 750,000 options over shares of Common Stock to employees under the 2010 Equity Incentive Plan that has been adopted by the Directors of the Company. The options vested 1/3 upon grant date, 1/3 vested on February 1, 2012 and the balance vested on February 1, 2013. The exercise price of the options is US$1.00 and the latest exercise date for the options is February 1, 2018.

The Company has accounted for all options issued based upon their fair market value using the Binomial pricing model.

AnAs ~~external~~a ~~consultant~~result ~~has~~of ~~calculated~~the termination of the ~~fair~~employees ~~value~~holding the options, the employees had a period of 90 days from the ~~750,000~~date ~~options~~of ~~using~~termination to exercise the ~~Binomial~~options. ~~valuation~~The ~~method~~holder ~~using~~did not exercise the ~~following~~options ~~inputs:~~therefore the options have expired in April 2014.

Grant date	May 1, 2011	May 1, 2011	May 1, 2011
Grant date share price	US$1.30	US$1.30	US$1.30
Vesting date	May 1, 2011	Feb 1, 2012	Feb 1, 2013
Expected life in years	3.5	4.0	4.5
Risk-free rate	1.04%	2.02%	2.02%
Volatility	100%	100%	100%
Exercise price	US$1.00	US$1.00	US$1.00
Call option value	US$0.91	US$0.95	US$0.99

F - 14

	Options		Option Price Per Share US$		Weighted Average Exercise Price US$
Outstanding at October 31, 2011		750,000		1.00		1.00
Granted		-		-		-
Forfeited		-		-		-
Outstanding at October 31, 2012		750,000		1.00		1.00
Granted		-		-		-
Forfeited		-		-		-
Outstanding at October 31, 2013		750,000		1.00		1.00

(11) SUBSEQUENT EVENTS

The ~~exercise~~Company ~~price~~has isevaluated ~~US$1.00~~the ~~per~~existence ~~option.~~of ~~The~~significant ~~weighted~~events ~~average~~subsequent ~~per~~to ~~option~~the ~~fair~~balance ~~value~~sheet ofdate ~~options~~through ~~granted~~the ~~during~~date ~~fiscal~~the ~~2011~~consolidated ~~was~~financial ~~US$0.95~~statements were issued and ~~the~~has ~~weighted~~determined ~~average~~that ~~remaining~~there ~~contractual~~were ~~life~~no ofsubsequent ~~those~~events ~~options~~or istransactions ~~5-1/4~~which ~~years.~~would ~~There~~require ~~are~~recognition ~~750~~or disclosure in the consolidated financial statements,~~000~~ ~~options~~other ~~currently~~than ~~exercisable~~noted herein.

~~For~~On ~~fiscal~~April ~~2013~~1, 2016 the ~~amortization~~Company ~~amounted~~announced that it had entered into an agreement with an Israeli company, PayItSimple Ltd and its subsidiaries (PayItSimple) whereby the Company would invest $15 million directly into PayItSimple by September 5, 2016 to acquire a 30% interest in PayItSimple, and a further $357.5 million into PayItSimple over 18 months to acquire a further 10% interest in PayItSimple,~~852~~ taking its holding to 40% of interest in PayItSimple. PayItSimple owns a business known as Splitit. On April 6, 2016 the Company terminated the proposed acquisition of PayItsimple.

On June 27, 2016 the Company announced that it had entered into a binding term sheet with the shareholders of an Israeli company, Humavox Ltd (13Humavox) ~~COMMITMENTS~~, a company that creates wireless charging solutions. In accordance with the proposed acquisition of Humavox, Aurum would acquire 100% of the shares of Humavox and 100% of the warrants and options to acquire shares of Humavox in exchange for the issue of shares of common stock of Aurum representing 50% of the shares of common stock of Aurum post issue on a fully-diluted basis, including the investment of an amount of US$16 million in Humavox. The investment would take place in unconditional instalments over a period of 24 months following the closing. The closing of the merger was subject to certain closing conditions, including the investment in Humavox of the first instalment of the investment in the amount of $5.5 million. On July 29, 2016 the Company terminated the proposed acquisition of Humavox.

~~Pursuant~~In toApril ~~the Century Thrust Joint Venture Agreement (Joint Venture)~~2016, the Company ~~may~~raised ~~be required to fund up to~~ $~~6.5 million in exploration expenditure~~38,329 ofthrough ~~which $4.37 million has already been funded, in order to acquire a 51% beneficial interest in~~ the ~~Joint~~private ~~Venture.~~placement ~~Should~~of ~~Aurum wish to execute its rights under the agreement~~250,000 itshares ~~may~~of becommon ~~required to expend up to a further $2~~stock.~~13 million on the Century Thrust Concession by December 2015, (see note 1). All such exploration costs are being expensed as incurred.~~

~~F-15~~On July 19, 2017, the Company entered into a Term Sheet with Lior Wayn, Erez Glazer and Dr Guy Shalom, (collectively, the ‘’Sellers”) for the acquisition of all of the issued shares of a medical technology business. The Company has a 120 day period to conduct due diligence and negotiate a formal share sale agreement.

~~(14) OPTION~~The ~~AGREEMENT~~purchase price is up to USD$7,500,000 which is to be satisfied as follows:

~~Pursuant~~f) toThe ~~the~~sum ~~LIMO~~of ~~Deed~~USD$100,000 aspayable ~~amended,~~to the ~~Company~~Sellers ~~has~~for ~~paid~~due ~~Option~~diligence ~~Fees~~expenses, of30 ~~$405,000,~~business ~~along~~days ~~with~~from ~~associated~~the ~~costs~~execution of ~~$20,000.~~the Term Sheet;

~~The~~g) ~~Company~~A ~~had~~further ~~60 days from the date of the last option payment to exercise the option to purchase 20% of the Joint Venture for~~ USD$~~1.35 million~~100, ~~inclusive of the option fees of $405,~~000. Oneach ~~October~~month ~~24,~~after ~~2011,~~ the ~~Company~~date ~~executed~~in a) ~~Deed~~above offor ~~Variation~~due ofdiligence ~~Call Option extending the exercise date of Option to April 24~~expenses, ~~2012,~~ for a3 ~~consideration of $55~~months,~~000~~ ~~for~~payable ~~each month extended. The Company did not exercise the option~~ to ~~purchase 20% of~~ the ~~Joint~~Sellers ~~Venture~~for onworking ~~April~~capital ~~24, 2012 and accordingly $425,000 prepaid option fees have been expensed (see note 1).~~purposes;

h) An issue of fully paid ordinary shares of common stock of the Company to the value of USD$2,500,000 (15less any payments made to the Sellers under (a) ~~SUBSEQUENT~~ ~~EVENTS~~and (b) above) to the Sellers at an issue price of USD$0.22 per share of common stock (Consideration Shares);

i) The ~~Company~~issue ~~has~~to ~~evaluated~~ the ~~existence~~Sellers of ~~significant~~shares ~~events~~of ~~subsequent~~common stock to the ~~balance~~equivalent ~~sheet~~to ~~date~~USD$2,500,000 ~~through~~at the ~~date~~issue ~~the~~price ~~financial~~of ~~statements~~USD$0.22, ~~were~~subject ~~issued~~to ~~and~~the ~~has~~Sellers ~~determined~~achieving ~~that~~sales ~~there~~revenue ~~were~~of noUSD$100,000 ~~subsequent~~within ~~events~~twelve ormonths ~~transactions~~after ~~which would require recognition or disclosure in~~ the ~~financial~~first ~~statements,~~anniversary ~~other~~of ~~than~~Completion; ~~noted herein.~~and

~~F-16~~j) The issue to the Sellers of shares of common stock to the equivalent to USD$2,500,000 at the issue price of USD$0.22, subject to the Sellers achieving sales revenue of USD$1,000,000 within twelve months after the first anniversary of Completion.

F - 15

If the Transaction is terminated or is in the reasonable opinion of the Company unable to proceed at any point, the Vendors and the Sellers have agreed to convert any monies paid to the Sellers under (a) and (b) above into convertible securities in the Sellers.

As part of the agreement and as a condition to completion, the Company will raise USD$2,500,000.

Pending completion, the Sellers are required to carry on business in the ordinary course.

In July 2017, the Company raised $38,329 through the private placement of 250,000 shares of common stock.

F - 16

Filing Compare · Aurum, Inc.