Auramex Announces Closing Private Placement Oversubscribed
FOR IMMEDIATE RELEASE TSX V: AUX
October 18, 2019
Not for dissemination in the United States or through U.S. newswires
AURAMEX ANNOUNCES CLOSING PRIVATE PLACEMENT
OVERSUBSCRIBED
Vancouver, British Columbia – Auramex Resource Corp. (the “Company” or “Auramex”) (TSX.V:
AUX) reports it has closed the non-brokered private placement announced on July 5, 2019. Further to the
first tranche that closed August 22,, 2019, the Company has completed a second tranche whereby 2,600,000
Units at a price of $0.05 per Unit (the “Units”) have been issued for gross proceeds of C$130,000, bringing
the total amount raised in this financing to $511,500.
Each Unit issued in Tranche 2 consists of one common share of the Company and one common share
purchase warrant (the “Warrant”). Each Warrant will be exercisable for one common share of the Company
at a price of $0.07 until April 18, 2021. The proceeds of the financing are to be used for exploration and
development of the Company’s properties and for general corporate costs.
The common shares issued under this portion of the financing are subject to a hold period and may not be
traded until February 19, 2020.
The Company notes a correction to the news release dated August 22, 2019 as follows. Each Unit issued
in Tranche 1 consists of one common share of the Company and one common share purchase warrant (the
“Warrant”). Each Warrant will be exercisable for one common share of the Company at a price of $0.07
until February 22, 2021 (not January 22, 2021 as previously announced).
This financing is subject to receipt of TSX Venture Exchange final acceptance.
On behalf of the Board of Directors:
Lawrence Roulston
President & CEO
For further information, contact:
Nancy Curry
Corporate Communications
www.auramex.com.
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.
20th Floor, 250 Howe Street
Vancouver, BC V6C 3R8 Canada
Tel: 604-914-2142
NR #2019-14