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Myconic Capital Corp. Announces Completion of Share Consolidation

August 6, 2020

Vancouver, British Columbia, Canada – August 6, 2020 – Myconic Capital Corp. (formerly, Auralite Investments Inc.) (TSXV:MEDI) (the “Company” or “Myconic”) is pleased to announce the completion of a consolidation of its issued and outstanding common shares on the basis of ten pre-consolidation shares for one post-consolidated share (the “Consolidation”). Prior to the Consolidation, the Company had 289,197,000 common shares issued and outstanding. Following completion of the Consolidation, the Company has 28,919,700 common shares issued and outstanding. Concurrently with the Consolidation, the Company changed its name from “Auralite Investments Inc.” to “Myconic Capital Corp.” and commenced trading under the symbol “MEDI”.

ABOUT MYCONIC

Myconic is an investment issuer with interests in, Canadian-based Champignon Brands Inc., educational technology developer Akiva Systems Inc., and Gold Lion Resources Inc.

On behalf of:

MYCONIC CAPITAL CORP.

“Robert Meister”

Robert Meister
Director

For further information, please contact:
Robert Meister
Tel: 604-351-6647

Or Email: rob@auraliteinvestments.com

The Canadian Securities Exchange (the “CSE”) has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Notice Regarding Forward Looking Information:

This news release contains forward-looking statements including statements regarding any of the Myconic holdings or investments, as well other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business, and future prospects of the Company.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.