Vancouver, British Columbia – Auramex Resource Corp. (the “Company” or “Auramex”) (TSX.V: AUX) announces the TSX Venture Exchange has granted Auramex an extension to the deadline to file final materials in respect of the private placement financing announced on July 5, 2019. The Company must complete the filing by October 18, 2019.
The non-brokered private placement will consist of up to 10,000,000 units at $0.05 per unit. Each unit will consist of one common share of the Company and one common share purchase warrant. Each whole warrant will be exercisable for one common share of the Company at a price of $0.07 for a period of 18 months from the date of issuance. The proceeds of the financing are to be used for exploration and development of the Company’s properties and for general corporate costs.
Subject to the approval of the TSX Venture Exchange and applicable laws, the Company may pay finder’s fees. Certain of the Company's insiders may participate in the private placement.
On behalf of the Board of Directors:
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.