Auric Resources Announces Closing of Non-Brokered Private Placement
August 19, 2026 – Auric Resources Corp. (TSXV:RES) (the “Company”) is pleased to announce that it has closed its non-brokered private placement (the “Offering”). In connection with closing the Offering, the Company has issued 4,300,000 common shares in the capital of the Company (each, a “Share”) at a price of $0.05 per Share (the “Issue Price”) for gross proceeds of $215,000.
The net proceeds of the Offering will be used to fund the Company’s property-related expenditures and for working capital purposes. The Shares issued under the Offering are subject to a hold period expiring on December 18, 2026.
Upon closing of the Offering, the Company paid finders’ fees of $4,500.00 to certain arm’s length third parties who assisted in introducing subscribers to the Offering.
A director of the Company (the “Insider”) participated in the Offering by subscribing for 1,000,000 Shares at the Issue Price. Participation of the Insider in the Offering constitutes a related-party transaction for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance of Shares to the Insider is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company’s securities are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(1)(a) of MI 61-101, in that the fair market value of the consideration of the Shares issued to the Insider of the Company does not exceed 25% of the Company’s market capitalization. The Company did not file a material change report at least 21 days in advance of the closing of the Offering as the participation of such Insider in the Offering had not been confirmed at that time.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
For further information please contact:
Chief Executive Officer
Email: [email protected]
Phone: 236-521-0436
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to use of proceeds from the Offering and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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