Auston closes $100,000 private placement

Executive Summary

• Auston Capital Corp. closed a non‑brokered private placement, raising $100,000 by issuing two million common shares at $0.05 per share.
• A finder’s fee of $10,000 was paid to Integral Wealth Securities Ltd., which also received 100,000 finder warrants exercisable at $0.10 per share until Jan 19 2027.
• Proceeds will be used to seek qualifying transactions and for general working capital; the placement remains subject to TSX Venture Exchange final approval.

Key Details

• Placement Size: $100,000 gross proceeds.
• Shares Issued: 2,000,000 common shares at $0.05 per share.
• Statutory Hold Period: Shares subject to hold expiring May 20 2026 under TSX Venture Exchange rules.
• Use of Proceeds: Funding for qualifying transaction searches and general working capital.
• Finder’s Fee: $10,000 paid in cash to Integral Wealth Securities Ltd.
• Finder Warrants: 100,000 warrants issued to Integral, exercisable at $0.10 per share, valid until Jan 19 2027.
• Regulatory Condition: Placement pending final approval by the TSX Venture Exchange.

Notable Quotes

(No executive quotes were provided in the release.)