Auston Capital appoints directors, arranges financing

Executive Summary

• Auston Capital Corp. announces the resignation of Mark Fekete from his roles as Director, CEO, and CFO.
• The company has arranged a private placement to raise up to $100,000 through the sale of 2 million common shares at $0.05 per share.
• Interim leadership has been appointed (Zachery Dingsdale as interim CEO, Steve Smith as interim CFO), with proposed permanent appointments of Dean Tyliakos as CEO and David Barnett as CFO, subject to regulatory and shareholder approval.

Key Details

• Resignations: Mark Fekete resigned as Director, CEO, and CFO to pursue other professional opportunities.
• Interim Appointments:
  • Zachery Dingsdale (Director) assumes the role of Interim CEO.
  • Steve Smith (Director) assumes the role of Interim CFO.
• Proposed Permanent Appointments:
  • Dean Tyliakos proposed as CEO and Director.
  • David Barnett proposed as CFO and Director.
  • Both appointments are subject to approval by the TSX Venture Exchange and shareholders at the Annual General Meeting scheduled for October 27, 2025.
• Private Placement Details:
  • Gross Proceeds: Up to $100,000.
  • Shares Issued: 2,000,000 common shares.
  • Price Per Share: $0.05.
  • Use of Proceeds: Seeking qualifying transactions and general working capital.
  • Conditions: Subject to approval of the TSX Venture Exchange; finders' fees may be payable per TSX-V policies.
• Company Profile: Auston Capital Corp. is a capital pool company (CPC) with no commercial operations or assets other than cash, aiming to complete a qualifying transaction.

Notable Quotes

• "Mr. Fekete resigned to focus on other professional opportunities. The board of directors extends its gratitude to Mr. Fekete for his contributions and leadership, and wishes him continued success."