Austin Resources Ltd V.AUT.H

RE:RE:AUT`S Chile copper property is just as good as COR

[Sorgan2]

Just checked sedar and the last two news releases were November 2016 and June 2016. Both were saying the company was unaware of any material change. Next we have September 2015 welcoming  Jing as CFO. 
We need to go back to August 2014 till we find anything good...

TORONTO, ONTARIO (SEPTEMBER 25, 2014) Austin Resources Ltd. (“Austin” or the “Company”) (TSX-Venture Exchange – AUT) announces that has received the approval of its shareholders and the approval of the TSX Venture Exchange for its previously announced property acquisition and private placement (see press release dated June 30, 2014). 
 

In connection with the property acquisition, the Company has acquired a 100% interest (subject to a 2% Net Smelter Royalty) in 35 contiguous unpatented mineral claims, totalling 455 units and covering 7,264 hectares of land near Red Lake, Ontario (the “Treasure Property”). The Treasure Property is an early stage gold exploration property and was acquired by Austin in exchange for the issuance of 6,000,000 common shares (post-consolidated) of Austin (the “Acquisition”). The common shares issued in connection with the Acquisition will be subject to resale restrictions for a period of four months and one day from September 25, 2014. 
 

In connection with the private placement, Austin is pleased to announce the closing of a non- brokered private placement offering of $1,400,000 of gross proceeds based on the issuance of 28,000,000 common shares (post consolidated) at a price of $0.05 per common share (the “Private Placement”). The common shares issued in connection with the Private Placement will be subject to a resale restriction for a period of four months plus one day from September 25, 2014. The net proceeds will be used to fund the Company’s exploration and development activities, to repay the outstanding debt in full and for general corporate purposes. 
 

Following completion of the Acquisition and the Private Placement, Guilin International Company Limited (“Guilin”) will own 16,000,000 common shares of the Company representing 36.2% of the issued and outstanding common shares of the Company on an undiluted basis. Additionally, T and L Elite Capital Group Limited (“T and L”) will own 5,900,000 common shares of the Company representing 13.3% of the issued and outstanding common shares of the Company on an undiluted basis. Each of Guilin and T and L are holding these common shares for investment purposes and will evaluate the investment and may increase or decrease the investment as circumstances warrant.