On February 19, 2021, AUX Resources Corporation (TSXV:AUX) closed the transaction. The transaction involved participation from 4 placees, including new investor, 2176423 Ontario Ltd. for 8,888,889 units for gross proceeds of CAD 2,000,000. 2176423 Ontario Ltd. will own 16.4% of the issued and outstanding common shares of the company on a non-diluted basis, and 28.2% of the issued and outstanding shares of the company on a partially diluted basis. The common shares and warrants issued in the transaction are subject to a statutory hold period expiring on June 20, 2021. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The company paid Richardson Wealth Ltd. a finders fees of CAD 40,000 in cash and Blue Lake Advisors, a fees of 46,000 shares and 46,000 warrants. The finder's warrant initial exercise price is 40 cents.