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DJ Auxico Resources Canada Inc. Auxico Closes Private Placement

 
TIDMAUAG 
 
12 February 2019 
 
                         Auxico Resources Canada Inc. 
 
                          ("Auxico" or the "Company") 
 
                                 NEWS RELEASE 
 
                        AUXICO CLOSES PRIVATE PLACEMENT 
 
The Company is pleased to note the announcement released yesterday via SEDAR in 
Canada. 
 
Auxico Resources Canada Inc. (CSE: AUAG) (NEX London: 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 
 
« signed »                                                         « signed » 
Pierre Gauthier                                                 Mark Billings 
 
CEO, Auxico Resources Canada Inc.                 President, Auxico Resources 
Canada Inc. 
 
pg@auxicoresources.com                                  mb@auxicoresources.com 
Cell: +1 514 299 0881                                      Cell: +1 514 296 
1641" 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
For further information, please contact: 
 
Auxico Resources Canada Inc. 
Mark Billings, President                                   + 1 514 296 1641 
 www.auxicoresources.com/                                  mb@auxicoresources.com 
 
NEX Exchange Growth Market Corporate Adviser: 
Peterhouse Capital Limited 
Guy Miller and Fungai Ndoro                                +44 (0)20 7469 0930 
 
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. 
 
 
 
END 
 

(END) Dow Jones Newswires

February 12, 2019 02:00 ET (07:00 GMT)