NEX COMPANY:
BULLETIN V2024-0590
AURIC RESOURCES CORP. ("RES")
formerly RED ROCK CAPITAL CORP. ("RCC.H")
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Name Change, Graduation from NEX to TSX Venture, Resume Trading
BULLETIN DATE: February 23, 2024
NEX Company
TSX Venture Exchange has accepted for filing the Company's Qualifying Transaction described in its Filing Statement dated February 9, 2024 (the "Filing Statement") and news release dated February 22, 2024 (the "Updating News Release"). As a result, at the opening on Tuesday February 27, 2024, the Company will no longer be considered a Capital Pool Company.
The Qualifying Transaction includes the following:
Pursuant to an option agreement dated November 23, 2022, as amended May 19, 2023 and February 20, 2024, with Jadeite Capital Corp. ("Jadeite"), the Company has been granted the option to acquire a series of mineral claims located in the province of Quebec, known by the names Gosselin and Normetal South. Consideration payable by the Company to exercise the option includes a series of cash payments totaling $300,000 over twelve months, and an aggregate of 7,750,000 units of the Company at a deemed price of $0.16 per unit to Jadeite over a period of three years. Each unit of the Company consists of one common share of the Company and one share purchase warrant, which will entitle Jadeite to acquire an additional common share of the Company at a price of $0.20 for a period of three years.
The Exchange has been advised that the above transaction closed on February 22, 2024.
For further information, see the Company's Filing Statement and Updating News Release, which are available on the Company's SEDAR profile.
In addition, the Exchange has accepted for filing the following:
Graduation from NEX to TSXV Venture, Name Change, New Symbol
As a result of completing its Qualifying Transaction, the Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective on Tuesday February 27, 2024, the Company's listing will transfer from NEX to TSX Venture, the Company's Tier classification will change from NEX to Tier 2 and the Filing and Service Office will change from NEX to Vancouver.
Pursuant to a director's resolution dated November 28, 2023, the Company effected a name change to "Auric Resources Corp." on February 15, 2024. There is no consolidation of capital.
Effective at the opening Tuesday February 27, 2024 the common shares of Auric Resources Corp. will commence trading on TSX Venture Exchange, and the common shares of Red Rock Capital Corp. will be delisted.
Effective at the opening, Tuesday February 27, 2024, the trading symbol for the Company will change from RCC.H to RES.
Capitalization: unlimited shares with no par value of which
24,457,866 shares are issued and outstanding
Escrow: up to 7,750,000 consideration shares will be subject to a Tier 2 Value escrow agreement with retroactive release schedule to the date of this bulletin, with 1,937,500 consideration shares subject to escrow at the date of this bulletin
4,023,272 shares remain escrowed pursuant to a pre-existing escrow agreement
Transfer Agent: TSX Trust Company
Symbol: RES (new)
CUSIP Number: 05155H104 (new)
The Company is classified as a 'gold and silver ore mining' company (NAICS: 212220).
Resume Trading
Effective at the opening Tuesday February 27, 2024, the common shares of the Company will resume trading.
Company Contact: Morgan Tincher, CEO & Director
Company Address: 1250 - 1066 Hastings St. W,
Vancouver British Columbia V6E 3X1
Company Phone Number: 604-644-6110
Company Email Address: mtincher@auricresources.com
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