Vancouver, British Columbia – Auramex Resource Corp. (the “Company” or “Auramex”) (TSX.V: AUX) announces a non-brokered private placement to raise gross proceeds of up to CDN$250,000 through the sale of up to 5,000,000 flow-through common shares at a price of $0.05 per flow-through share.
The placement will be sold to qualified investors, including shareholders of record on August 15th, 2018 resident in Canada. Such shareholders of record are eligible to purchase up to $15,000 worth of flow-through shares or more than $15,000 worth based on suitability advice from a registered investment dealer. After deducting subscriptions from qualified investors, the remaining flow through shares will be allocated to existing shareholders in order of receipt of subscription agreements, until all remaining flow through shares have been allocated. All the securities issued pursuant to this private placement will be subject to a four-month hold period. Completion of the Offering is subject to receipt of all required regulatory and other approvals, including acceptance by the TSX Venture Exchange. The Offering is not subject to any minimum aggregate subscription. The proceeds will be used for further exploration of the Company’s mineral properties in the Stewart area of British Columbia.
Auramex is exploring a large and highly prospective property portfolio at the south end of the Golden Triangle in British Columbia, with properties north, east and south of Stewart, a deep-water port.
The Golden Triangle is beginning to be recognized as one of the most highly mineralized geological settings with excellent exploration potential for future discoveries.
The Golden Triangle region has matured dramatically over the past couple of years, with two mines now in production, road access greatly improved, and a quantum leap in terms of geological understanding of the processes that created some of the largest, and highest-grade metal deposits on the planet.
On behalf of the Board of Directors:
President & CEO
For further information, contact:
VP Corporate Development
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.