Private Placement Auramex Resource Corp. (the “Company”) an nounces a private placement of up to 2,000,000 units at a price $0.25 per unit. Each unit will consist of five common shares and five share purchase warrants. Three of the shares comprise d in each unit will be flow-through shares, with
750 Grand Boulevard North Vancouver, BC V7L 3W4
Tel: 604-924-9376 Fax: 604-924-9371
FOR IMMEDIATE RELEASE (TSX V Symbol: AUX) July 21, 2011
Private Placement
Auramex Resource Corp. (the “Company”) announces a private placement of up to 2,000,000 units at a price $0.25 per unit. Each unit will consist of five common shares and five share purchase warrants. Three of the shares comprised in each unit will be flow-through shares, with the remaining two being non-flow through shares. Each of the warrants will entitle the holder to purchase one non-flow-through share at a price of $0.10 for a period of two years. The Company will pay to finders who identify investors in the placement cash finders’ fees of 10% of the proceeds raised from such investors.
The Company anticipates that the proceeds from the flow-through shares comprised in the units will be used to conduct further exploration on the Company’s Stewart properties. Proceeds from the non-flow-through shares will be used for general corporate purposes.
The foregoing transaction is subject to TSX Venture Exchange approval.
About Auramex Resource Corp. – www.auramex.com
Auramex Resource Corp. is a junior mining exploration company with projects in British Columbia and in Sinaloa State, Mexico. In B.C., the Company holds over 40,000 hectares near Stewart, a grass roots exploration project, and 1,500 hectares 92 kilometres north of Vancouver. In Mexico, the Company holds 6,000 hectares near Culiacan, Sinaloa known as the Magenta project.
For information on Auramex please contact Judie Whitby at (604) 924-9376 or refer to the company’s website: 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.