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.
卡爾加裡，AB/ACCESSWIRE/2023年9月29日Aurwest Resources Corporation(“奧韋斯特“或”公司“)(CSE：AWR)宣佈，繼先前於2022年10月3日公佈的安排計劃及有關將其在不列顛哥倫比亞省的銅星資產剝離予銅星勘探有限公司的部分安排。銅星)，庫珀之星被要求完成一項最低金額為1,000,000美元的私募融資(融資)到2023年9月28日(融資條件日期“)與其擬在加拿大證券交易所公開上市有關(”CSE由於過去一年資本市場和礦業疲軟，Aurwest管理層預計融資不會在融資條件日期前完成，並於2023年9月12日召開股東大會(會議)，以批准將融資條件日期延長一(1)年至2024年9月28日(融資條件延期“)。股東於大會上批准延長融資條件，並於2023年9月28日收到不列顛哥倫比亞省最高法院發出的更改安排計劃的命令，將融資條件延長至2024年9月28日。銅星向Aurwest股東的普通股分配取決於融資完成和CSE上市，在此之前，銅星仍將是Aurwest的全資子公司。不能保證銅星將在不同安排計劃要求的時間內完成融資和/或CSE上市。
On Behalf Of Aurwest resources Corporation
我代表Aurwest資源公司
"Cameron MacDonald"
《卡梅隆·麥克唐納》
Interim Chief Executive Officer and Director
董事臨時首席執行官兼首席執行官
For additional information please contact:
如需更多資訊，請聯繫：
Aurwest Resources Corporation
Cameron MacDonald
Interim Chief Executive Officer and Director
Telephone: (403) 585-9875
Email: cmacdonald@aurwestresources.com
Website:
奧韋斯特資源公司
卡梅隆·麥克唐納
董事臨時首席執行官兼首席執行官
電話：(403)585-9875
電子郵件：cmacdonald@aurwestresource ces.com
網站：
About Aurwest Resources Corporation
關於Aurwest資源公司
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是一家總部位於加拿大的初級資源公司，專注於收購、勘探和開發加拿大的黃金資產。本公司目前擁有三份期權協定，以賺取Paradise Lake和Stony Caldera專案的100%權益，該專案涵蓋新興的中紐芬蘭金礦區內57,600公頃(576平方公里)的一攬子黃金勘探許可證。本公司目前還持有位於不列顛哥倫比亞省休斯敦西南約25公里處的28,814公頃恆星/恆星斑岩銅礦專案的100%權益。
About Copper Star Exploration Ltd.
銅星勘探有限公司簡介
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.
銅星是一家總部位於加拿大的私人初級資源公司，專注於收購、勘探和開發加拿大的礦產資源。銅星計劃完成在CSE的直接上市，成為一家上市公司，並擁有28,814公頃的恆星之星銅/金礦的100%權益，該資產位於不列顛哥倫比亞省休斯敦西南約25-65公里處。
Forward-Looking Information
前瞻性資訊
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.
本公告中包含的聲明，包括與我們的計劃、意圖和預期有關的聲明，均為非歷史性聲明，特此確認為“前瞻性聲明”。前瞻性陳述可以用包括“預期”、“相信”、“打算”、“估計”、“預期”和類似表述的詞語來識別。本公司和銅星公司提醒讀者，前瞻性陳述，包括但不限於與銅星公司及其潛在上市、未來運營和業務前景有關的那些陳述，會受到某些風險和不確定性的影響，這些風險和不確定性可能會導致實際結果與前瞻性陳述中所述的大不相同。建議讀者依靠自己對此類風險和不確定性的評估，不應過度依賴前瞻性陳述。任何前瞻性陳述都是在本新聞稿發佈之日作出的，公司和銅星公司不承擔更新前瞻性陳述的義務，除非依照適用的法律。
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
加拿大證券交易所沒有對本新聞稿的充分性或準確性進行審查，也不承擔任何責任。
SOURCE: Aurwest Resources Corporation
資料來源：奧韋斯特資源公司