Auramex Confirms Consolidation
Auramex Confirms Consolidation
TSX V: AUX
VANCOUVER, BC
,
June 29, 2020
/CNW/ -
Auramex Resource Corp.
("
AUX
") (TSX.V: AUX)
announces that it has received approval from the TSX Venture Exchange to consolidate
("
Consolidation
") all of its outstanding common shares ("
Common Share
") on the basis of five (5)
pre-Consolidation Common Shares for one (1) post-Consolidation Common Share as announced on
June 8
, 2020.
AUX's common shares will commence trading on a consolidated basis at the market opening on
June 30, 2020
(the "
Effective Date
"). The new CUSIP for AUX's consolidated Common Shares is
051527307.
AUX currently has 58,068,899 Common Shares issued and outstanding. As at the Effective Date,
AUX will have approximately 11,613,780 Common Shares issued and outstanding. Any fractional
interest in Common Shares resulting from the Consolidation will be rounded down to the nearest
whole common share. Registered shareholders will receive a letter of transmittal from
Computershare Investor Services, AUX's transfer agent, with information on how to replace their old
share certificates with the new share certificates. Brokerage firms will handle the replacement of
share certificates on behalf of their shareholders accounts.
About Auramex Resource Corp.
AUX is exploring the past-producing
Georgia River
high-grade gold mine located 16 kilometres south
of
Stewart, BC
in the prolific Golden Triangle. Georgia River was explored from the 1970s by
several companies with the intent of restarting the mine, but this historic work only focused on the
area hosting the existing mine workings. Work by AUX over the past few field seasons has
generated compelling evidence in support of a large intrusion-related gold target adjacent to the
area of previous work. Field crews have mobilized, and contractors are being selected to facilitate
the 2020 field program which will involve drill testing the newly defined high-grade gold target.
On behalf of the Board of Directors:
Lawrence Roulston
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. This news release includes forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements of historical fact, are to be considered
forward looking. Although the Company believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially from those in forward-
looking statements. Factors that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and exploration successes,
continued availability of capital and financing, and general economic, market or business
conditions and regulatory and administrative approvals, processes and filing requirements. There
can be no assurances that such statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. We do not assume any obligation to update
any forward-looking statements.
SOURCE
Auramex Resource Corp.
View original content:
http://www.newswire.ca/en/releases/archive/June2020/29/c2049.html
%SEDAR: 00005611E
For further information:
+1 604 914 2142, [email protected], www.auramex.com
CO: Auramex Resource Corp.
CNW 05:00e 29-JUN-20