MONTREAL, Feb. 11, 2019 (GLOBE NEWSWIRE) -- Auxico Resources Canada Inc. (CSE: AUAG) is pleased
to announce that it has completed a non-brokered private placement of 2,000,000 units (“Units”), issued at a price
of $0.20 per Unit, for gross proceeds of $400,000. Each unit consists of one common share (a “Share”) and
one-half transferable common share purchase warrant (“Warrant”). Each full Warrant entitles the holder to
acquire one additional Share of the Company at a price of $0.40 per Share for two years from the date of issuance.
The Company paid finder’s fees of $28,000 in connection with the private placement. All Shares issued pursuant
to the private placement are subject to a four-month hold period in Canada.
The net proceeds of the private placement will be used for evaluating coltan opportunities in Colombia and
Brazil, as well as for general working capital purposes.
ON BEHALF OF THE BOARD OF DIRECTORS
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« signed »
Pierre Gauthier
CEO, Auxico Resources Canada Inc.
pg@auxicoresources.com
Cell: +1 514 299 0881
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« signed »
Mark Billings
President, Auxico Resources Canada Inc.
mb@auxicoresources.com
Cell: +1 514 296 1641
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About Auxico Resources Canada Inc.
Auxico Resources Canada Inc. (“Auxico”) is a Canadian company that was founded in 2014 and based in Montreal.
Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia and Mexico.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy
or the accuracy of the contents of this release.
