On July 19, 2019, Aurex Energy Corp. (TSXV:AURX) closed the transaction. The company issued 1,956,400 units for the gross proceeds of CAD 489,100. The transaction included participation from one insider for 400,000 units. As part of transaction, no cash commission was paid. The company issued units to 7 placees including Gary Billingsley, president, chief executive officer and director who subscribed for 400,000 units.