KIRKLAND, QC, Jan. 23, 2017 /CNW Telbec/ – Manitex Capital Inc.
("Manitex") is pleased to announce that it has subscribed
for and purchased 2,000,000 common shares (the "Shares") of
Auxico Resources Canada Inc. ("Auxico") at a subscription
price of $0.25 per Share, for an
aggregate principal amount of $500,000 (the "Investment").
In addition to its Investment, Manitex has also entered into a
Consulting and Advisory Services Agreement with Auxico pursuant to
which Manitex will advise Auxico on the execution of its
contemplated going public transaction.
About Manitex Capital Inc.
Manitex Capital Inc. invests in promising emerging companies in
diversified sectors including life sciences, cleantech and
sustainable products/technologies. Manitex provides its portfolio
companies with specialized corporate finance and advisory services
including corporate strategy, mergers and acquisitions, public
markets access and financing. Common shares of the company are
listed on the TSX Venture Exchange, trading symbol MNX.V.
About Auxico Resources Canada Inc.
Auxico is a privately held company incorporated under the
Canada Business Corporation Act, engaged in the acquisition,
exploration and development of mineral properties. Auxico owns a
100% interest in the Zamora
silver-gold property in Mexico
(the "Property") and holds an exclusive license on patented
technology in the recovery, separation and refining of precious
metals. Auxico's current focus is to conduct its exploration
program on the Property. Auxico intends to complete a going public
transaction on a Canadian stock exchange in Q1 2017.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Manitex Capital Inc.