Aurex Energy Corp. (TSXV:AURX) announced a non-brokered private placement of 1,956,400 units at CAD 0.25 per unit for gross proceeds of CAD 489,100 on June 26, 2019. Each unit consists of one common share and one-half of a common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.30 per share for a period of 19 months from closing. The transaction is subject to a number of customary conditions including, but not limited to, the receipt of all necessary approvals, including the final approval of the TSX Venture Exchange. All securities to be issued are subject to a hold period of four months.