Mr. Steve Smith reports
AUSTON CAPITAL CLOSES $100,000 PLACEMENT
Further to the press releases dated Aug. 28, 2025, Dec. 22, 2025, and Jan. 9, 2026,
Auston Capital Corp. has closed its non-brokered private placement, raising $100,000 through the sale of two million common shares at a price of five cents per share.
The common shares issuable in the private placement are subject to a statutory hold period in accordance with applicable securities legislation and the rules and policies of the TSX Venture Exchange expiring on May 20, 2026.
Proceeds will be used for seeking qualifying transactions and general working capital. The placement is subject to the final approval of the TSX Venture Exchange.
A finder's fee of $10,000 was paid in cash to Integral Wealth Securities Ltd. Integral also was issued 100,000 finder warrants, each exercisable at a price of 10 cents per share until Jan. 19, 2027.
About Auston Capital Corp.
Auston is a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange. The company has not commenced commercial operations and has no assets other than cash. Auston's primary objective is to identify and evaluate businesses or assets with the intention of completing a qualifying transaction. Any proposed qualifying transaction is subject to exchange approval and, if applicable, the approval of minority shareholders.
We seek Safe Harbor.
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