Business
Auramex Resource Corp. Announces Restructuring, Private Placement and Strategic Acquisition
VANCOUVER, British Columbia, June 08, 2020 (GLOBE NEWSWIRE) -- Auramex Resource Corp. (“Auramex”) (TSX.V: AUX) is pleased to announce the appointment of new dir
About this update from Golden Cross Resources Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, June 08, 2020 (GLOBE NEWSWIRE) -- Auramex Resource Corp. (“Auramex”) (TSX.V: AUX) is pleased to announce the appointment of new directors and management, a share consolidation, a private placement and a strategic acquisition. Auramex plans to actively consolidate the central and southern areas of the Stewart Mining Camp and to conduct focused exploration, including an initial drill program at its flagship Georgia River project during the summer of 2020. Directors & Officers Brad Rourke and Ian Slater will join Lawrence Roulston and Paul Metcalfe on Auramex’s Board of Directors. The Board thanks Richard Savage and Marie Brannstrom for their contributions and wish Richard Savage well in his future endeavours. Marie Brannstrom will continue in her role as Vice President Operations. Ian Slater will be appointed President & Chief Executive Officer, while Lawrence Roulston will continue in his role as Director. Ravshan Ismadiyarov and Judy McCall are assuming the positions of Chief Financial Officer and Corporate Secretary, respectively. The Board of Directors thank Lawrence Roulston for his many contributions in his role as President and CEO. The Board also thanks Michael O’Brien for his service to the company. Brad Rourke is a Corporate Finance Executive with over 30 years’ experience in Mining, Energy and Real Estate in Western Canada and valuable experience as a principal partner of an investment firm. Mr. Rourke is a resident of Smithers, BC and is currently the Chief Executive Officer of Scottie Resources with significant experience in the Stewart Mining Camp. Ian Slater is an entrepreneur who has founded numerous ventures and has been involved in the Mining industry for over twenty-five years. A Chartered Accountant, Mr. Slater was previously the Managing Partner of both Ernst & Young’s Canadian and Arthur Andersen’s Central Asian Mining Practices. He is currently the Chief Executive Officer of Libero Copper & Gold. Consolidation Auramex will consolidate (the “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. The reasons for the Consolidation are to increase Auramex’s flexibility in the marketplace and t...