Auramex Announces Corporate Update & Appoints Michael Marchant as Technical Advisor
FOR IMMEDIATE RELEASE TSX V Symbol: AUX January 29, 2019
Not for dissemination in the United States or through U.S. newswires
AURAMEX ANNOUNCES CORPORATE UPDATE & APPOINTS MICHAEL
MARCHANT AS TECHNICAL ADVISOR
Vancouver, British Columbia – Auramex Resource Corp. (the “Company” or “Auramex”)
(TSX.V: AUX) reports the appointment of Dr. Michael Marchand , P.Geol. as a Technical
Advisor to the Company, the closing of a the non -brokered private placement announced
December 20 , 2018, extension of contract with Nancy Curry, Vice President, Corporate
Development, and the grant of incentive options to Directors, Officers and Consultants of
Auramex.
Appointment of Michael Marchand, P.Geol. as Technical Advisor
Dr. Marchand has worked as a geologist for over 50 years and is currently working as an
independent mineral resource consultant in the areas of business development, innovation and
mineral exploration strategies. He has over 20 years of public company experience having served
as a director and in executive positions, including president. He has volunteer ed with a number
of scientific and industry associations, including 12 years as a director with The Prospectors and
Developers Association of Canada (PDAC) and continues to serve on the PDAC Securities and
Geoscience committees. Dr. Marchand has operated i n most provinces and territories in Canada
and brings his wide experience with people, technologies, governments and institutions, along
with the awareness of societal, environmental and governance issues in the industry to bear on
the success of Auramex. Dr. Marchand holds a B.Sc. (Honours) and a M.Sc. in Geology from
McGill University and a Ph.D. in Geology from McMaster University.
Close of Private Placement
Auramex also reports it has closed a third and final portion of the non -brokered private
placement announced on December 20, 2018. A total of 1,550,000 non flow -through units
(“Units”) at a price of $0.05 per Unit have been issued for proceeds of C$ 77,500, bringing the
total gross proceeds for this financing to C$269,000 (Tranche 1 $85,000 ; Tranche 2 $106,500;
and Tranche 3 $ 77,500). Each Unit consists of one common share and one -half of one share
purchase warrant (the “Warrants”). Each whole Warrant will entitle the holder to purchase one
additional Common Share at a price of $0.10 per Common Share until January 29, 2020.
Common shares issued in connection with th is portion of the private placement and common
shares issuable upon exercise of the Warrants are subject to a four-month restricted resale period
until May 30, 2019.
20th Floor, 250 Howe Street
Vancouver, BC V6C 3R8 Canada
Tel: 604-914-2142
NR #2019-01
- 2 -
The securities have not been and will not be registered under the United States Securities Act of
1933, as amended, (the “ U.S. Securities Act ”) or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act)
unless registered under the U.S. Securities Act and applicable state securities laws, or an
exemption from such registration requirement is available.
The private placement is subject to the final approval of the TSX Venture Exchange.
Nancy Curry, Vice President, Corporate Development – Contract Extension
Further to the Company’s news release dated July 13, 2018, the Company reports it has extended
the contract with Nancy Curry to provide investor relations until such time as 3 0 days notice is
given by either party to terminate the contract.
Stock Option Grants
The board of directors reports the grant of 782,000 incentive stock options to officers and
contractors of the Company under its stock option plan, in accordance with th e Company's
compensation policy. The options are exercisable for five years at a price of $0. 05 per share and
are subject to the policies of the TSX Venture Exchange.
On behalf of the Board of Directors:
Lawrence Roulston
President & CEO
For further information, contact:
Nancy Curry
VP Corporate Development
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.