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Aurwest Announces Approval of Plan of Arrangement and Spin Outs

Aurwest Announces Approval of Plan of Arrangement and Spin Outs

AurWest宣布批准安排和剥离计划
newsfile ·  2022/09/10 03:50

Calgary, Alberta--(Newsfile Corp. - September 9, 2022) - Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to announce that it has received the requisite approvals for its previously announced Plan of Arrangement ("Plan of Arrangement"). The Plan of Arrangement will see the Company spin out its Stellar Stars mining property into a separate publicly listed company ("Stellar Stars SpinCo"), subject to completion of the Stellar Stars Financing (as defined below), and have five (5) newly formed reporting issuer entities which will be used for the purposes of evaluating future go public business opportunities (the "SpinCos"). Aurwest shareholders will receive shares in the Stellar Stars SpinCo and SpinCo's as more fully described below.

加拿大阿尔伯塔省卡尔加里-(Newsfile Corp.-2022年9月9日)-Aurwest Resources Corporation(CSE:AWR) ("奥韦斯特“或”公司“)很高兴地宣布,其先前宣布的安排计划已获得必要的批准(”布置图“)。根据安排计划,本公司将把旗下的星光矿业分拆为一间独立的上市公司(”恒星自旋公司),并拥有五(5)个新成立的报告发行人实体,这些实体将用于评估未来上市的商业机会(SpinCos“)。AurWest的股东将获得Stella Stars SpinCo和SpinCo的股份,详情如下。

The Stellar Stars property is prospective for mineral deposits (primarily copper and gold deposits) consisting of two parcels of adjoining land in British Columbia comprising a 100% interest in the 25,053 hectare, Stellar property, and the 3,761 hectare, Stars property (collectively, the "Stellar Stars Property").

Star Stars地产是潜在的矿藏(主要是铜和金矿),由不列颠哥伦比亚省的两块毗邻土地组成,其中包括25,053公顷的Star Property和3,761公顷的Stars Property(统称为Stars Property)。恒星属性").

Following completion of the Plan of Arrangement, Aurwest will continue to carry on its primary business activities with a focus on its properties in Central Newfoundland, Canada whereby Aurwest holds options to acquire properties consisting of 57,600 hectares (100% interest) in this area.

安排计划完成后,AurWest将继续进行其主要业务活动,主要集中于其位于加拿大纽芬兰中部的物业,据此Aurwest持有收购该地区57,600公顷(100%权益)物业的选择权。

Required Approvals
The Company received the requisite shareholder approval for the Plan of Arrangement, among other things, at the annual general and special meeting of shareholders of the Company which was held on August 29, 2022, and received the Final Order from the British Columbia Supreme Court on September 8, 2022, approving the Plan of Arrangement.

所需审批
除其他事项外,本公司于2022年8月29日举行的本公司年度股东大会及特别大会上获得股东对安排计划的必要批准,并于2022年9月8日收到不列颠哥伦比亚省最高法院批准安排计划的最终命令。

Stellar Stars SpinCo Financing
Pursuant to the Plan of Arrangement, as a condition to the distribution of the shares of Stellar Stars SpinCo to the Aurwest shareholders, Stellar Stars SpinCo intends to undertake a private placement financing of a minimum of $1,000,000. This financing is currently proposed to consist of the issuance of 13,333,333 units at a price of $0.075 per unit, with each unit consisting of one Stellar Star SpinCo Share and one share purchase warrant entitling the holder to purchase one Stellar Star SpinCo Share at a price of $0.10 for a period of 2 years from the date of issuance (the "Stellar Stars Financing"). The timing, pricing and terms of the Stellar Stars Financing are subject to market conditions and further details of this offering will be disclosed as they become available.

《恒星自旋公司》融资
根据安排计划,作为向Aurwest股东分派Stars Stars SpinCo股份的条件,Stella Stars SpinCo拟进行最少1,000,000美元的私募融资。这项融资目前建议包括以每单位0.075美元的价格发行13,333,333个单位,每个单位包括一股恒星之星SpinCo股票和一份股份认购权证,持有者有权以0.1美元的价格购买一股明星之星SpinCo股票,自发行之日起为期两年(“星际之星融资“)。融资的时间、定价及条款将视乎市场情况而定,有关是次发售的进一步详情将于有资料时披露。

Public Stock Exchange Listing
The Aurwest Shares are currently listed and posted for trading on the Canadian Securities Exchange ("CSE") under the symbol "AWR". Pursuant to the Plan of Arrangement, Stellar Stars SpinCo has covenanted and agreed to use its commercially reasonable efforts to apply for the listing of the Stellar Stars SpinCo Shares on the CSE in connection with the closing of the Stellar Stars SpinCo Financing. None of the SpinCos will be listed on a stock exchange upon completion of the Arrangement. The listing of Stellar Stars SpinCo is subject to meeting all the conditions for listing established by the CSE and acceptance by the CSE. There is no assurance that Stellar Stars SpinCo will complete the Stellar Stars Financing within the time required under the Plan of Arrangement.

香港证券交易所公开上市
Aurwest的股票目前已在加拿大证券交易所挂牌交易(“CSE“)。根据安排计划,星辰SpinCo已订立契约,并同意以其商业上合理的努力,申请星辰SpinCo股份于联交所上市,以配合星辰SpinCo融资的结束。安排完成后,所有Spinco均不会在证券交易所上市。星辰SpinCo上市须符合中交所订立的所有上市条件,并须获中交所接纳。不能保证星辰SpinCo会在安排计划所规定的时间内完成星空融资。

Aurwest Securityholders Consideration
In connection with Plan of Arrangement, subject to certain conditions, Aurwest shareholders as at the applicable share distribution record date, will receive 0.3 shares of a Stellar Stars SpinCo and 0.0051 shares of each of the five (5) newly formed separate companies ("SpinCo1 through SpinCo5") for every Aurwest common share held. As an example, and for illustrative purposes only, for each 10,000 shares of Aurwest owned prior to the Plan of Arrangement, a Aurwest shareholder will own 3,000 shares of the Stellar Stars SpinCo and 51 shares each of SpinCo1 through SpinCo5. Furthermore, Aurwest shareholders will continue to own the same number of Aurwest common shares as they did immediately prior to the Plan of Arrangement.

AurWest证券持有人的考虑事项
就安排计划而言,在若干条件的规限下,于适用股份分派记录日期,Aurwest股东每持有一股Aurwest普通股,将获配发0.3股星星SpinCo股份及五(5)间新成立的独立公司(“SpinCo1至SpinCo5”)各0.0051股。作为一个例子,仅用于说明的目的,对于在安排计划之前拥有的每10,000股Aurwest,一名Aurwest股东将拥有3,000股恒星SpinCo和51股SpinCo1至SpinCo5。此外,Aurwest股东将继续持有与紧接安排计划之前相同数量的Aurwest普通股。

The Plan of Arrangement provides compelling benefits for each Aurwest and Stellar Stars SpinCo shareholders. It focuses Aurwest as a pure-play gold exploration company in Newfoundland by spinning out its district-scale B.C. porphyry copper property (Stellar Stars) and from a Stellar Stars perspective, the new company will unlock constrained asset value with the aim to attract growth capital sources which will then be deployed on exploring its district-scale copper exploration project. For further details on the Plan of arrangement see the Company's Press Release dated August 2, 2022.

该安排计划为每一位Aurwest和Star Stars SpinCo的股东提供了令人信服的好处。通过剥离其地区规模的不列颠哥伦比亚省斑岩铜矿(恒星),专注于Aurwest作为纽芬兰的一家纯粹的黄金勘探公司,从恒星的角度来看,新公司将释放受限的资产价值,旨在吸引增长的资本来源,然后部署用于勘探其地区规模的铜矿勘探项目。有关安排计划的进一步详情,请参阅公司于2022年8月2日发布的新闻稿。

Following completion of the Plan of Arrangement, all holders of convertible securities of Aurwest (options and warrants) (the "Aurwest Share Commitments") will be exercisable for Aurwest common shares, Stellar Stars SpinCo shares and the SpinCo shares in accordance with the corporate reorganization and adjustment provisions of such commitments, whereby the exercise of an Aurwest Share Commitment entitling the holder to receive one (1) Aurwest Share, will result in the holder of the Aurwest Share Commitment receiving one Aurwest Share, 0.0051 SpinCo1 Shares, 0.0051 SpinCo2 Shares, 0.0051 SpinCo3 Shares, 0.0051 SpinCo4 Shares, 0.0051 SpinCo5 Shares and 0.3 Stellar Star SpinCo Shares (subject to the completion of the Stellar Stars Financing).

于安排计划完成后,Aurwest可换股证券(期权及认股权证)的所有持有人(“Aurwest股票承诺“)将可根据该等承诺的公司重组及调整条款行使Aurwest普通股、星星SpinCo股份及SpinCo股份,据此,行使一项Aurwest股份承诺令持有人有权获得一(1)股Aurwest股份承诺,将导致Aurwest股份承诺持有人获得一股Aurwest股份、0.0051股SpinCo1股、0.0051股SpinCo2股、0.0051股SpinCo3股、0.0051股SpinCo4股、0.0051股SpinCo5股及0.3股Star Star SpinCo股份(视乎星星融资完成而定)。

Stellar Stars SpinCo
Subject to the Stellar Stars Financing, the spin-out of the B.C. assets will be held by a stand-alone new company, known herein as Stellar Start SpinCo, which will be owned by the shareholders of Aurwest. The Stellar Stars Property is prospective for mineral deposits (primarily copper and gold deposits) consisting of two parcels of adjoining land comprising the 25,053 hectare Stellar property (100% owned) and the 3,761 hectare Stars property (100% owned). In 2019 a 16 hole drilling program at Stars intersected an open-ended porphyry Cu-Mo zone intersecting 40.2m of 1.02% CuEq within a broader interval of 204m of 0.50% CuEq close to surface. Historical exploration success identified several significant follow up drilling targets to further define the arial extent of the target area that will support our future growth. A technical report entitled "Technical Report on the Stellar-Stars Property, British Columbia" effective April 27, 2022, has been prepared by Aurwest under National Instrument 43-101- Standards of Disclosure for Mineral Projects relating to the Stellar Stars Property and filed on SEDAR at .

恒星自旋公司
根据Stella Stars的融资,不列颠哥伦比亚省资产的剥离将由一家独立的新公司持有,该公司将由Aurwest的股东拥有。Star Stars物业是由两幅毗连土地组成的矿藏(主要是铜和金矿)的潜在前景,其中包括25,053公顷的Stars物业(100%拥有)和3,761公顷的Stars物业(100%拥有)。2019年,Stars的一个16孔钻探计划与一个开放的斑岩铜钼带相交,该带在靠近地表的204米宽的0.50%CuEq的范围内相交40.2米的1.02%CuEq。历史上的勘探成功确定了几个重要的后续钻探目标,以进一步确定支持我们未来增长的目标区域的范围。一份题为《不列颠哥伦比亚省恒星财产技术报告》的技术报告于2022年4月27日生效,由Aurwest根据国家仪器43-101编写-《矿产项目信息披露标准》与恒星财产有关,并在SEDAR上提交于。

Record Date for Spinout of Stellar Stars SpinCo
The record date for the spin out of the Stellar Stars SpinCo Shares will only be set once the Stellar Stars SpinCo Financing has been completed and conditional listing approval has been obtained for common shares of Stellar Stars SpinCo. Aurwest will communicate this information through one or more press releases in the future.

恒星自旋的记录日期
分拆Stars Stars SpinCo股票的创纪录日期只会在Stars Stars SpinCo的融资完成,以及Star Stars SpinCo普通股获得有条件上市批准后才会确定。Aurwest将在未来通过一份或多份新闻稿传达这一信息。

SpinCo's - SpinCo1 Through SpinCo5
The Plan of Arrangement has created five (5) separate capital markets structured companies under the Business Corporations Act (British Columbia), referred to herein as the SpincCos, that will be owned by the shareholders of Aurwest, and are anticipated to result in separate and well-focused entities, each of which will provide a platform for transactions that management wishes to target.

SpinCo的-SpinCo1到SpinCo5
《安排计划》创建了五(5)个独立的资本市场结构化公司,《商业公司法》(不列颠哥伦比亚省),这里称为SpincCos,将由Aurwest的股东拥有,预计将产生独立的、重点明确的实体,每个实体都将为管理层希望瞄准的交易提供平台。

Record Date for Spinout of SpinCo1 through SpinCo5
Aurwest will be implementing the approved spin out to Aurwest shareholders of record on September 23, 2022 (the "SpinCos Share Distribution Record Date"). Following the SpinCos Share Distribution Record Date, on or about September 27, 2022, the Shareholders of Aurwest will receive 0.0051 share of each of SpinCo1, SpinCo2, SpinCo3, SpinCo4 and SpinCo5 for every one (1) common share of Aurwest held as of the SpinCos Share Distribution Record Date. No action is required by Aurwest shareholders in order to receive shares of the SpinCos and Aurwest shareholders will retain their original Aurwest shares. Shareholders entitled to receive shares of the SpinCos will receive either a DRS advice or a physical share certificate reflecting their ownership of the shares of each of the SpinCos, or their brokerage account will be credited with the shares through the CDS system.

SpinCo1至SpinCo5的拆分记录日期
Aurwest将于2022年9月23日向Aurwest登记在册的股东实施批准的剥离(SpinCos股票分配记录日期“)。在SpinCos股票分配记录日期之后,在2022年9月27日左右,每持有一(1)股截至SpinCos股票分配记录日期的AurWest普通股,AurWest的股东将获得SpinCo1、SpinCo2、SpinCo3、SpinCo4和SpinCo5各0.0051股。Aurwest股东不需要采取任何行动来获得SpinCos的股份,Aurwest股东将保留他们原来的Aurwest股票。有权获得SpinCos股票的股东将收到反映他们对每一家SpinCos股票的所有权的DRS建议或实物股票证书,或者他们的经纪账户将通过CDS系统记入股票贷方。

On Behalf Of Aurwest Resources Corporation

我代表Aurwest Resources Corporation

"Colin Christensen"
President and Chief Executive Officer

《科林·克里斯滕森》
总裁与首席执行官

For additional information please contact:

如需更多信息,请联系:

Colin Christensen
Telephone: (403) 483-8363
Email: cchristensen@aurwestresources.com
Website:

科林·克里斯滕森
电话:(403)483-8363
电子邮件:cchristensen@aurwestresource ces.com
网站:

About Aurwest Resources Corporation
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.

关于Aurwest资源公司
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。

Forward-Looking Information
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 cautions readers that forward-looking statements, including without limitation: historical exploration results; positive diamond drilling results; styles of copper-molybdenum mineralization; and future work programs.

前瞻性信息
本公告中包含的非历史性陈述,包括与我们的计划、意图和预期有关的陈述,旨在成为前瞻性陈述,特此确认为“前瞻性陈述”。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。公司提醒读者,前瞻性表述包括但不限于:历史性的勘探结果;积极的钻石钻探结果;铜钼矿化的类型;以及未来的工作计划。

In connection with the forward-looking information contained in this news release, Aurwest has made numerous assumptions regarding, among other things: the proposed Plan of Arrangement and the proposed Stellar Stars SpinCo Financing. While Aurwest considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

关于本新闻稿中包含的前瞻性信息,AurWest就建议的安排计划和建议的Stars Stars SpinCo融资等方面做出了许多假设。虽然Aurwest认为这些假设是合理的,但这些假设本身就受到重大不确定性和意外情况的影响。

Additionally, there are known and unknown risk factors which could cause Aurwest's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, additional exploration of the Properties may not locate significant copper-molybdenum mineralization; historical exploration results may not be; accurate; additional exploration of the areas of copper mineralization may not locate significant mineralization; the positive diamond drilling results may not be accurate; styles of copper-molybdenum mineralization; and future work programs may not result in the location of significant copper-molybdenum mineralization future work programs may not be completed as planned or at all; receipt of permits to conduct the exploration plans and matters relating to the Company's future operations and business prospects; 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 assumes no obligation to update the forward-looking statements, except in accordance with the applicable laws.

此外,存在已知和未知的风险因素,可能导致AurWest的实际结果、业绩或成就与本文中包含的前瞻性信息明示或暗示的任何未来结果、业绩或成就大不相同。已知的风险因素包括,对该矿产的额外勘探可能找不到重大的铜钼矿化;历史勘探结果可能不准确;对铜矿化区域的额外勘探可能找不到重大矿化;积极的钻石钻探结果可能不准确;铜钼矿化的类型;以及未来的工作计划可能不会导致重大的铜钼矿化位置按计划完成或根本没有完成;获得进行勘探计划和与公司未来运营和业务前景相关的事项的许可证;某些风险和不确定性因素可能会导致实际结果与前瞻性表述中所示的结果存在重大差异。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。

THIS PRESS RELEASE DOES NOT CONSTITUE AN OFFER TO SELL SECURITIES OR A SOLICITATION FOR PURCHASERS TO BUY SECURITIES. THIS PRESS RELEASE IS NOT TO BE CONSTRUED AS A PUBLIC OFFERING IN ANY PROVINCE IN CANADA UNLESS A PROSPECTUS RELATING THERETO HAS BEEN ACCEPTED FOR FILING BY A SECURITIES COMMISSION OR SIMILAR AUTHORITY IN SUCH PROVINCE.

本新闻稿不构成出售证券的要约或邀请购买者购买证券。本新闻稿不得被解释为在加拿大任何省份的公开发行,除非与此相关的招股说明书已被该省的证券委员会或类似机构接受备案。

To view the source version of this press release, please visit

要查看本新闻稿的源版本,请访问

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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