AUXICO ANNOUNCES PARTIAL REVOCATION ORDER AND CONVERTIBLE DEBENTURE FINANCING

Executive Summary

• Auxico Resources Canada Inc. received a partial revocation order from the Autorité des marchés financiers, removing a cease‑trade order and enabling it to raise capital.
• The company announced a non‑brokered private placement of convertible debentures to raise $990,000 in principal.
• Proceeds will be used to prepare and file outstanding continuous disclosure documents, cover filing fees for full revocation, pay key employee salaries, and fund operational costs at the Mynastic property in Colombia.

Key Details

• Partial Revocation Order: Granted on November 14 2025, lifting the cease‑trade order issued December 14 2023.
• Financing Structure:
• Instrument: Convertible debentures (the “Debentures”).
• Principal Amount: $990,000 total.
• Conversion Mechanics: Each Debenture automatically converts at maturity into Units at $0.10 per Unit.
• Unit Composition: 1 common share + 1 warrant to purchase an additional common share at $0.10 exercise price, exercisable for three years from closing.
• Use of Proceeds:
  1. Accounting, audit and legal fees for preparing/filing continuous disclosure documents.
  2. Filing fees related to obtaining the partial revocation and pursuing a full revocation order.
  3. Salaries for key employees.
  4. Operational expenses for the Mynastic property in Colombia.
• Closing Conditions: Subject to acceptance by the Canadian Securities Exchange and customary closing conditions; securities will be subject to a statutory hold period of four months and one day.
• Related‑Party Considerations: Participation by directors/officers would constitute a related‑party transaction; the company will rely on exemptions under Regulation 61‑101 for valuation and minority‑shareholder approval requirements.
• Regulatory Notices:
• The offering is not an offer or solicitation in the United States; securities are not registered under U.S. law.
• The CSE has neither approved nor disapproved the contents of this release.

Notable Quotes

(No direct quotes were provided in the release.)