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Auxico Resources Canada Inc. (AUAG)

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Tuesday 12 February, 2019

Auxico Resources Canada Inc.

Auxico Closes Private Placement

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.

[email protected]                                  [email protected]
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
 www.auxicoresources.com/

+ 1 514 296 1641
[email protected]
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.


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