AUX Resources Corporation (TSXV:AUX) announced a non-brokered private placement of 11,188,889 units at a price of CAD 0.225 per unit for gross proceeds of CAD 2,517,500.025 on February 11, 2021. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.40 per share for 24 months. The transaction will include participation from Eric Sprott and an existing strategic investor to maintain their existing stake. The closing of the transaction is subject to approval from the TSX Venture Exchange. The company will pay finder's fee of 2% in cash or units.