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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宣佈批准安排和剝離計劃
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.

加拿大阿爾伯塔省卡爾加里-(Newsfile Corp.-2022年9月9日)-Aurwest Resources Corporation(CSE:AWR) ("奧韋斯特“或”公司“)很高興地宣佈,其先前宣佈的安排計劃已獲得必要的批准(”佈置圖“)。根據安排計劃,本公司將把旗下的星光礦業分拆為一間獨立的上市公司(”恆星自旋公司),並擁有五(5)個新成立的報告發行人實體,這些實體將用於評估未來上市的商業機會(SpinCos“)。AurWest的股東將獲得Stella Stars SpinCo和SpinCo的股份,詳情如下。

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地產是潛在的礦藏(主要是銅和金礦),由不列顛哥倫比亞省的兩塊毗鄰土地組成,其中包括25,053公頃的Star Property和3,761公頃的Stars Property(統稱為Stars Property)。恆星屬性").

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.

安排計劃完成後,AurWest將繼續進行其主要業務活動,主要集中於其位於加拿大紐芬蘭中部的物業,據此Aurwest持有收購該地區57,600公頃(100%權益)物業的選擇權。

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.

所需審批
除其他事項外,本公司於2022年8月29日舉行的本公司年度股東大會及特別大會上獲得股東對安排計劃的必要批准,並於2022年9月8日收到不列顛哥倫比亞省最高法院批准安排計劃的最終命令。

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.

《恆星自旋公司》融資
根據安排計劃,作為向Aurwest股東分派Stars Stars SpinCo股份的條件,Stella Stars SpinCo擬進行最少1,000,000美元的私募融資。這項融資目前建議包括以每單位0.075美元的價格發行13,333,333個單位,每個單位包括一股恆星之星SpinCo股票和一份股份認購權證,持有者有權以0.1美元的價格購買一股明星之星SpinCo股票,自發行之日起為期兩年(“星際之星融資“)。融資的時間、定價及條款將視乎市場情況而定,有關是次發售的進一步詳情將於有資料時披露。

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.

香港證券交易所公開上市
Aurwest的股票目前已在加拿大證券交易所掛牌交易(“CSE“)。根據安排計劃,星辰SpinCo已訂立契約,並同意以其商業上合理的努力,申請星辰SpinCo股份於聯交所上市,以配合星辰SpinCo融資的結束。安排完成後,所有Spinco均不會在證券交易所上市。星辰SpinCo上市須符合中交所訂立的所有上市條件,並須獲中交所接納。不能保證星辰SpinCo會在安排計劃所規定的時間內完成星空融資。

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證券持有人的考慮事項
就安排計劃而言,在若干條件的規限下,於適用股份分派記錄日期,Aurwest股東每持有一股Aurwest普通股,將獲配發0.3股星星SpinCo股份及五(5)間新成立的獨立公司(“SpinCo1至SpinCo5”)各0.0051股。作為一個例子,僅用於説明的目的,對於在安排計劃之前擁有的每10,000股Aurwest,一名Aurwest股東將擁有3,000股恆星SpinCo和51股SpinCo1至SpinCo5。此外,Aurwest股東將繼續持有與緊接安排計劃之前相同數量的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.

該安排計劃為每一位Aurwest和Star Stars SpinCo的股東提供了令人信服的好處。通過剝離其地區規模的不列顛哥倫比亞省斑巖銅礦(恆星),專注於Aurwest作為紐芬蘭的一家純粹的黃金勘探公司,從恆星的角度來看,新公司將釋放受限的資產價值,旨在吸引增長的資本來源,然後部署用於勘探其地區規模的銅礦勘探項目。有關安排計劃的進一步詳情,請參閲公司於2022年8月2日發佈的新聞稿。

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).

於安排計劃完成後,Aurwest可換股證券(期權及認股權證)的所有持有人(“Aurwest股票承諾“)將可根據該等承諾的公司重組及調整條款行使Aurwest普通股、星星SpinCo股份及SpinCo股份,據此,行使一項Aurwest股份承諾令持有人有權獲得一(1)股Aurwest股份承諾,將導致Aurwest股份承諾持有人獲得一股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(視乎星星融資完成而定)。

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 .

恆星自旋公司
根據Stella Stars的融資,不列顛哥倫比亞省資產的剝離將由一家獨立的新公司持有,該公司將由Aurwest的股東擁有。Star Stars物業是由兩幅毗連土地組成的礦藏(主要是銅和金礦)的潛在前景,其中包括25,053公頃的Stars物業(100%擁有)和3,761公頃的Stars物業(100%擁有)。2019年,Stars的一個16孔鑽探計劃與一個開放的斑巖銅鉬帶相交,該帶在靠近地表的204米寬的0.50%CuEq的範圍內相交40.2米的1.02%CuEq。歷史上的勘探成功確定了幾個重要的後續鑽探目標,以進一步確定支持我們未來增長的目標區域的範圍。一份題為《不列顛哥倫比亞省恆星財產技術報告》的技術報告於2022年4月27日生效,由Aurwest根據國家儀器43-101編寫-《礦產項目信息披露標準》與恆星財產有關,並在SEDAR上提交於。

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.

恆星自旋的記錄日期
分拆Stars Stars SpinCo股票的創紀錄日期只會在Stars Stars SpinCo的融資完成,以及Star Stars SpinCo普通股獲得有條件上市批准後才會確定。Aurwest將在未來通過一份或多份新聞稿傳達這一信息。

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
《安排計劃》創建了五(5)個獨立的資本市場結構化公司,《商業公司法》(不列顛哥倫比亞省),這裏稱為SpincCos,將由Aurwest的股東擁有,預計將產生獨立的、重點明確的實體,每個實體都將為管理層希望瞄準的交易提供平臺。

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的拆分記錄日期
Aurwest將於2022年9月23日向Aurwest登記在冊的股東實施批准的剝離(SpinCos股票分配記錄日期“)。在SpinCos股票分配記錄日期之後,在2022年9月27日左右,每持有一(1)股截至SpinCos股票分配記錄日期的AurWest普通股,AurWest的股東將獲得SpinCo1、SpinCo2、SpinCo3、SpinCo4和SpinCo5各0.0051股。Aurwest股東不需要採取任何行動來獲得SpinCos的股份,Aurwest股東將保留他們原來的Aurwest股票。有權獲得SpinCos股票的股東將收到反映他們對每一家SpinCos股票的所有權的DRS建議或實物股票證書,或者他們的經紀賬户將通過CDS系統記入股票貸方。

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》
總裁與首席執行官

For additional information please contact:

如需更多信息,請聯繫:

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

科林·克里斯滕森
電話:(403)483-8363
電子郵件:cchristensen@aurwestresource ces.com
網站:

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.

關於Aurwest資源公司
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議,以賺取Paradise Lake和Stony Caldera項目的100%權益,該項目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/恆星斑巖銅礦項目的100%權益。

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
本公告中包含的非歷史性陳述,包括與我們的計劃、意圖和預期有關的陳述,旨在成為前瞻性陳述,特此確認為“前瞻性陳述”。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。公司提醒讀者,前瞻性表述包括但不限於:歷史性的勘探結果;積極的鑽石鑽探結果;銅鉬礦化的類型;以及未來的工作計劃。

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.

關於本新聞稿中包含的前瞻性信息,AurWest就建議的安排計劃和建議的Stars Stars SpinCo融資等方面做出了許多假設。雖然Aurwest認為這些假設是合理的,但這些假設本身就受到重大不確定性和意外情況的影響。

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,存在已知和未知的風險因素,可能導致AurWest的實際結果、業績或成就與本文中包含的前瞻性信息明示或暗示的任何未來結果、業績或成就大不相同。已知的風險因素包括,對該礦產的額外勘探可能找不到重大的銅鉬礦化;歷史勘探結果可能不準確;對銅礦化區域的額外勘探可能找不到重大礦化;積極的鑽石鑽探結果可能不準確;銅鉬礦化的類型;以及未來的工作計劃可能不會導致重大的銅鉬礦化位置按計劃完成或根本沒有完成;獲得進行勘探計劃和與公司未來運營和業務前景相關的事項的許可證;某些風險和不確定性因素可能會導致實際結果與前瞻性表述中所示的結果存在重大差異。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。

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.

本新聞稿不構成出售證券的要約或邀請購買者購買證券。本新聞稿不得被解釋為在加拿大任何省份的公開發行,除非與此相關的招股説明書已被該省的證券委員會或類似機構接受備案。

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

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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