Auxico Resources Canada Inc. announced a private placement of 7,000,000 common shares and 3,000,000 warrants on July 18, 2023. The transaction included participation from new investor Central America Nickel Inc. The warrants have a strike price of CAD 0.15 for a period of 3 years. The investor now holds 7,550,000 shares and 4,275,000 warrants in the company.

The investor will hold 8.17% of the issued and outstanding common shares of company. If all the warrants are exercised, the investor will own 12.23% of the issued and outstanding common shares of the company on a partially diluted basis.