VANCOUVER, BC, July 8, 2020 /CNW/ - Auramex Resource
Corp. ("AUX") (TSXV: AUX) announces the grant of
2,300,000 incentive stock options "Options" to acquire
commons shares to its directors, officers, employees and
consultants pursuant to AUX's stock option plan. The stock options
are exercisable at a price of $0.42
and will expire on July 8, 2025.
AUX has retained the services of Vancouver-based Mars Investor Relations Corp.
("Mars"), a full-service investor relations and consulting
services company focused on the junior mining sector. Under
the terms of the engagement agreement (the "Agreement"), AUX
will compensate Mars $144,000 for the
12-month initial term of the Agreement and will grant Mars 250,000
Options. Mars or its affiliates currently hold 1,000,000
common shares, however Mars may from time to time acquire or
dispose of securities of AUX through the market, privately or
otherwise, as circumstances or market conditions warrant. Mars is
at arm's length to AUX and has no other relationship with AUX,
except pursuant to the Agreement. The Agreement and the grant of
Options thereunder is subject to regulatory approval.
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 have been
selected to facilitate the 2020 field program which will involve
drill testing the newly defined high-grade gold target.
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.
