Auston Capital arranges $100,000 private placement

Executive Summary

• Auston Capital Corp. announces a private placement to raise up to $100,000 by selling 2,000,000 common shares at $0.05 per share.
• Proceeds will be used to pursue qualifying transactions and for general working capital.
• The company will pay a 10 % finder's fee to Integral Wealth Securities Ltd. and issue finder's warrants equal to 10 % of the shares issued, exercisable at $0.10 per share for 12 months.

Key Details

• Offering Size: Up to $100,000 total gross proceeds.
• Shares Offered: 2,000,000 common shares.
• Price Per Share: $0.05.
• Use of Proceeds: Seeking qualifying transactions and general working capital.
• Exchange Approval: Subject to approval by the TSX Venture Exchange.
• Finder’s Fee: 10 % of gross proceeds payable to Integral Wealth Securities Ltd.
• Finder’s Warrants: Warrants equal to 10 % of the shares issued (i.e., 200,000 warrants). Each warrant exercisable at $0.10 per share for a period of 12 months from issuance.

Notable Quotes

(No CEO/President quotes provided in the release.)