Aurwest and Copper Star Announce Extension to Financing Condition for Copper Star Spin Out
Aurwest and Copper Star Announce Extension to Financing Condition for Copper Star Spin Out
CALGARY, AB / ACCESSWIRE / September 29, 2023 / Aurwest Resources Corporation ("Aurwest" or the "Company") (CSE:AWR) announces that further to it previously announced Plan of Arrangement on October 3, 2022 and in relation to the portion thereunder regarding the spin out of its Copper Stars property in British Columbia to Copper Star Exploration Ltd. ("Copper Star"), Cooper Star was required to complete a private placement financing in the minimum amount of $1,000,000 (the "Financing") by September 28, 2023 ("Financing Condition Date") in connection with its proposed public listing on the Canadian Securities Exchange (the "CSE"). Due to weakness in the capital markets and the mining sector over the course of the last year, management of Aurwest expected that the Financing would not be completed by the Financing Condition Date and in anticipation of this held a shareholders meeting on September 12, 2023 (the "Meeting"), to among other things, approve the extension of the Financing Condition date by one (1) year until September 28, 2024 (the "Financing Condition Extension"). Shareholder approval was received at the Meeting for the Financing Condition Extension and the accompanying Court Order was received on September 28, 2023 from the Supreme Court of British Columbia to vary the Plan of Arrangement to extend the Financing Condition until September 28, 2024. The distribution of the common shares of Copper Star to shareholders of Aurwest are conditional upon completion of the Financing and the CSE listing, and until such time, Copper Star shall remain a wholly owned subsidiary of Aurwest. There is no assurance that Copper Star will complete the Financing and/or the CSE listing within the time required under the varied Plan of Arrangement or at all.
卡尔加里，AB/ACCESSWIRE/2023年9月29日Aurwest Resources Corporation(“奥韦斯特“或”公司“)(CSE：AWR)宣布，继先前于2022年10月3日公布的安排计划及有关将其在不列颠哥伦比亚省的铜星资产剥离予铜星勘探有限公司的部分安排。铜星)，库珀之星被要求完成一项最低金额为1,000,000美元的私募融资(融资)到2023年9月28日(融资条件日期“)与其拟在加拿大证券交易所公开上市有关(”CSE由于过去一年资本市场和矿业疲软，Aurwest管理层预计融资不会在融资条件日期前完成，并于2023年9月12日召开股东大会(会议)，以批准将融资条件日期延长一(1)年至2024年9月28日(融资条件延期“)。股东于大会上批准延长融资条件，并于2023年9月28日收到不列颠哥伦比亚省最高法院发出的更改安排计划的命令，将融资条件延长至2024年9月28日。铜星向Aurwest股东的普通股分配取决于融资完成和CSE上市，在此之前，铜星仍将是Aurwest的全资子公司。不能保证铜星将在不同安排计划要求的时间内完成融资和/或CSE上市。
On Behalf Of Aurwest resources Corporation
我代表Aurwest资源公司
"Cameron MacDonald"
《卡梅隆·麦克唐纳》
Interim Chief Executive Officer and Director
董事临时首席执行官兼首席执行官
For additional information please contact:
如需更多信息，请联系：
Aurwest Resources Corporation
Cameron MacDonald
Interim Chief Executive Officer and Director
Telephone: (403) 585-9875
Email: cmacdonald@aurwestresources.com
Website:
奥韦斯特资源公司
卡梅隆·麦克唐纳
董事临时首席执行官兼首席执行官
电话：(403)585-9875
电子邮件：cmacdonald@aurwestresource ces.com
网站：
About Aurwest Resources Corporation
关于Aurwest资源公司
Aurwest is a Canadian-based junior resource company focused on the acquisition, exploration, and development of gold properties in Canada. The Company currently has three Option Agreements to earn a 100% interest in Paradise Lake and Stony Caldera projects covering a 57,600-hectare (576 sq kms) package of gold exploration licenses within the emerging Central Newfoundland gold district. The Company also currently holds a 100% interest in the 28,814 hectare Stellar/Stars porphyry copper project, located approximately 25 kilometers southwest of Houston, British Columbia.
Aurwest是一家总部位于加拿大的初级资源公司，专注于收购、勘探和开发加拿大的黄金资产。本公司目前拥有三份期权协议，以赚取Paradise Lake和Stony Caldera项目的100%权益，该项目涵盖新兴的中纽芬兰金矿区内57,600公顷(576平方公里)的一揽子黄金勘探许可证。本公司目前还持有位于不列颠哥伦比亚省休斯敦西南约25公里处的28,814公顷恒星/恒星斑岩铜矿项目的100%权益。
About Copper Star Exploration Ltd.
铜星勘探有限公司简介
Copper Star is a private Canadian-based junior resource company focused on the acquisitions, exploration and development of mineral properties in Canada. Copper Star plans to complete a direct listing on the CSE and become a publicly listed company and owns 100% interest in the 28,814 hectare Stellar Stars copper/gold property, located approximately 25-65 kilometers southwest of Houston, British Columbia.
铜星是一家总部位于加拿大的私人初级资源公司，专注于收购、勘探和开发加拿大的矿产资源。铜星计划完成在CSE的直接上市，成为一家上市公司，并拥有28,814公顷的恒星之星铜/金矿的100%权益，该资产位于不列颠哥伦比亚省休斯敦西南约25-65公里处。
Forward-Looking Information
前瞻性信息
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as "forward-looking statements". Forward looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company and Copper Star cautions readers that forward-looking statements, including without limitation those relating to Copper Star's and its potential public listing, future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward-looking statements. Any forward-looking statements are made as of the date of this news release, and the Company and Copper Star assumes no obligation to update the forward-looking statements, except in accordance with the applicable laws.
本公告中包含的声明，包括与我们的计划、意图和预期有关的声明，均为非历史性声明，特此确认为“前瞻性声明”。前瞻性陈述可以用包括“预期”、“相信”、“打算”、“估计”、“预期”和类似表述的词语来识别。本公司和铜星公司提醒读者，前瞻性陈述，包括但不限于与铜星公司及其潜在上市、未来运营和业务前景有关的那些陈述，会受到某些风险和不确定性的影响，这些风险和不确定性可能会导致实际结果与前瞻性陈述中所述的大不相同。建议读者依靠自己对此类风险和不确定性的评估，不应过度依赖前瞻性陈述。任何前瞻性陈述都是在本新闻稿发布之日作出的，公司和铜星公司不承担更新前瞻性陈述的义务，除非依照适用的法律。
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
加拿大证券交易所没有对本新闻稿的充分性或准确性进行审查，也不承担任何责任。
SOURCE: Aurwest Resources Corporation
资料来源：奥韦斯特资源公司