TSX V: AUX
VANCOUVER, BC, June 29, 2020 /CNW/ - Auramex Resource
Corp. ("AUX") (TSX.V: AUX) announces that it has
received approval from the TSX Venture Exchange to consolidate
("Consolidation") all of its outstanding common shares
("Common Share") on the basis of five (5) pre-Consolidation
Common Shares for one (1) post-Consolidation Common Share as
announced on June 8,
2020.
AUX's common shares will commence trading on a consolidated
basis at the market opening on June 30,
2020 (the "Effective Date"). The new CUSIP for
AUX's consolidated Common Shares is 051527307.
AUX currently has 58,068,899 Common Shares issued and
outstanding. As at the Effective Date, AUX will have approximately
11,613,780 Common Shares issued and outstanding. Any
fractional interest in Common Shares resulting from the
Consolidation will be rounded down to the nearest whole common
share. Registered shareholders will receive a letter of
transmittal from Computershare Investor Services, AUX's transfer
agent, with information on how to replace their old share
certificates with the new share certificates. Brokerage firms
will handle the replacement of share certificates on behalf of
their shareholders accounts.
About Auramex Resource Corp.
AUX is exploring the past-producing Georgia River high-grade gold mine located 16
kilometres south of Stewart, BC in
the prolific Golden Triangle. Georgia River was explored from
the 1970s by several companies with the intent of restarting the
mine, but this historic work only focused on the area hosting the
existing mine workings. Work by AUX over the past few field seasons
has generated compelling evidence in support of a large
intrusion-related gold target adjacent to the area of previous
work. Field crews have mobilized, and contractors are being
selected to facilitate the 2020 field program which will involve
drill testing the newly defined high-grade gold target.
On behalf of the Board of Directors:
Lawrence
Roulston
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release includes
forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements
of historical fact, are to be considered forward looking. Although
the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes,
continued availability of capital and financing, and general
economic, market or business conditions and regulatory and
administrative approvals, processes and filing requirements.
There can be no assurances that such statements will prove accurate
and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. We do not assume any obligation to
update any forward-looking statements.
SOURCE Auramex Resource Corp.
