The Company reports that the TSX Venture Exchange has approved the Company’s application to settle an aggregate of $241,100 in debt to certain creditors through the issuance of an aggregate of 3,013,750 common shares of the Company at an issue price of $0.08 per common share. The debts settled are as follows: $101,100 by the issuance of 1,263,750 shares to Judie Whitby, $100,000 by the issuance of 1,250,000 shares to Palatine Geological Ltd. (Paul Metcalfe, P. Geo), and $40,000 by the issuance of 500,000 shares to Wayne Crocker. The shares are subject to a four month hold period which expires May 31, 2018.
Auramex holds 190 square kilometers of mineral rights in BC’s Golden Triangle. The Georgia River property surrounds a past producing gold mine near tidewater, 18 km south of Stewart; the Tide North property is 4 km from an all-weather road; and the Bear Valley properties straddle highway 37A north and east of Stewart.
For information on Auramex please contact Judie Whitby at (604) 924-9376 or refer to the company’s website: www.auramex.com.
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.