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ArcWest Exploration and Sanatana Resources Close Year One Obligations Under Earn-In Agreement for the Oweegee Dome Porphyry Copper-Gold Project in British Columbia's Golden Triangle

ArcWest Exploration and Sanatana Resources Close Year One Obligations Under Earn-In Agreement for the Oweegee Dome Porphyry Copper-Gold Project in British Columbia's Golden Triangle

ArcWest勘探公司和Sanatana Resources公司完成了不列顛哥倫比亞省金三角Oweegee Dome斑巖銅金礦項目賺取協議下的第一年義務
newsfile ·  2022/04/26 08:37

Vancouver, British Columbia--(Newsfile Corp. - April 26, 2022) - ArcWest Exploration Inc. (TSXV: AWX) ("ArcWest") and Sanatana Resources Inc. (TSXV: STA) ("Sanatana") are pleased to announce the completion of Sanatana's year one obligations (the "Year One Obligations") under the earn-in agreement between ArcWest and Sanatana (the "Earn-In Agreement") to explore ArcWest's Oweegee Dome porphyry copper-gold project in British Columbia's Golden Triangle (the "Oweegee Project").

温哥華,不列顛哥倫比亞省--(Newsfile Corp.-2022年4月26日)-ArcWest Explore Inc.(多倫多證券交易所股票代碼:AWX)(以下簡稱“ArcWest”)和Sanatana Resources Inc.(多倫多證券交易所股票代碼:STA)(以下簡稱“Sanatana”)高興地宣佈,根據ArcWest和Sanatana之間的賺取協議(“Inin協議”),Sanatana已完成其第一年的義務(“第一年義務”),以勘探ArcWest位於不列顛哥倫比亞省金三角的Oweegee穹頂斑巖銅金礦項目(“Oweegee Project”)。

Pursuant to the Earn-In Agreement, Sanatana can earn an initial 60% interest (the "First Option") in the Oweegee Project by funding, over a four-year period, cumulative exploration expenditures of $6,600,000 and by making staged cash and share payments totaling $500,000 and 2,000,000 common shares, respectively. Upon completion of the First Option and receipt of an initial interest notice from Sanatana, Sanatana will have a 60 day period to elect to earn an additional 20% interest in the Oweegee Project, for an aggregate 80% interest, or to form a joint venture with ArcWest.

根據增收協議,Sanatana可通過在四年內為6,600,000美元的累計勘探支出提供資金,以及分階段支付總計500,000美元的現金和2,000,000股普通股,從而在Oweegee項目中獲得初始60%的權益(“第一種選擇”)。在完成第一個選項並收到Sanatana的初步興趣通知後,Sanatana將有60天的時間選擇在Oweegee項目中額外賺取20%的權益,總計80%的權益,或者與ArcWest成立合資企業。

Further to ArcWest's press release dated April 21, 2022, Sanatana has fulfilled the following Year One Obligations required to keep the First Option in good standing:

繼ArcWest於2022年4月21日發佈的新聞稿之後,Sanatana已經履行了第一年所需的義務,以保持第一個選項的良好地位:

  1. paying to ArcWest an aggregate of $50,000 by December 31, 2021 (the "Cash Payment");
  1. 在2021年12月31日之前向ArcWest支付總計50,000美元(“現金支付”);
  1. issuing to ArcWest 300,000 common shares of Sanatana (each, a "Sanatana Share") by December 31, 2021 (the "Share Issuance"); and
  1. 在2021年12月31日之前向ArcWest發行300,000股Sanatana普通股(每股1股“Sanatana股票”)(“股票發行”);以及
  1. incurring not less than $600,000 in exploration expenditures on the Oweegee Project by November 30, 2021.
  1. 到2021年11月30日,奧維吉項目的勘探支出不低於60萬美元。

ArcWest waived the requirement for Sanatana to complete the Cash Payment and Share Issuance by December 31, 2021, which remained subject to approval of the TSX Venture Exchange (the "Exchange"). The Exchange approved the completion of the Cash Payment and Share Issuance on April 22, 2022, and Sanatana has now fulfilled all of the Year One Obligations. The 300,000 Sanatana Shares were issued to ArcWest at a deemed price of $0.08 per Sanatana Share, being the closing price of the Sanatana Shares on the Exchange on July 20, 2021. To continue to keep the First Option in good standing, Sanatana is required to fulfill the following obligations by December 31, 2022:

ArcWest免除了Sanatana在2021年12月31日之前完成現金支付和股票發行的要求,這仍有待多倫多證券交易所創業板(“交易所”)的批准。交易所於2022年4月22日批准完成現金支付和股票發行,Sanatana現在已經履行了第一年的所有義務。這30萬股Sanatana股票是以每股Sanatana股票0.08美元的價格向ArcWest發行的,這是Sanatana股票在2021年7月20日在交易所的收盤價。為了繼續保持第一個選項的良好狀態,Sanatana必須在2022年12月31日之前履行以下義務:

  1. paying to ArcWest an additional $50,000;

  2. issuing to ArcWest an additional 400,000 Sanatana Shares; and

  3. incurring cumulative exploration expenditures on the Oweegee Project of not less than $1,600,000, including a minimum of 1,000 meters of drilling.

  1. 向ArcWest額外支付50,000美元;

  2. 向ArcWest增發40萬股Sanatana股票;以及

  3. Oweegee項目的累計勘探支出不少於1,600,000美元,包括至少1,000米的鑽探。

Pursuant to a finder's agreement between ArcWest and Nathan Skubovius (the "Finder"), a finder's fee (the "Finder's Fee") equal to 4% of Sanatana's cash and share payments to ArcWest under the Earn-In Agreement is payable to the Finder. 50% of the Finder's Fee is payable in cash and 50% of the Finder's Fee is payable by the issuance of common shares of ArcWest (each, an "ArcWest Share"). In satisfaction of the Finder's Fee payable in connection with the completion of the Year One Obligations, ArcWest has made a cash payment of $1,480.00 and issued 18,500 ArcWest Shares to the Finder.

根據ArcWest和Nathan Skubovius(“發現者”)之間的發現者協議,根據賺取協議,應向發現者支付相當於Sanatana向ArcWest支付的現金和股票的4%的發現者費用(“發現者費用”)。發現者費用的50%以現金支付,發現者費用的50%通過發行ArcWest的普通股(每股,一股ArcWest股票)來支付。ArcWest向發現者支付了1,480.00美元的現金,並向發現者發行了18,500股ArcWest股票,以償還與完成第一年債務相關的應付費用。

For further information please contact: Tyler Ruks, President and CEO at +1 (604) 638 3695.

欲瞭解更多信息,請聯繫:總裁兼首席執行官泰勒·魯克斯,電話:+1(604)638 3695。

About ArcWest Exploration Inc.

關於ArcWest Explore Inc.

ArcWest Exploration is a project generator focused on porphyry copper-gold exploration opportunities throughout western North America. The company owns eight copper-gold projects throughout British Columbia's premier porphyry copper-gold districts. These include ArcWest's Todd Creek and Oweegee Dome projects, which are two of the largest and most prospective land positions for copper-gold exploration in British Columbia's prolific Golden Triangle. Oweegee Dome neighbours Seabridge Gold's supergiant KSM-Iron Cap-Snowfield porphyry copper-gold deposit and Todd Creek neighbours Pretium's Brucejack mine property. Newcrest Mining recently completed the acquisition of Pretium and its high grade Brucejack gold-silver mine in a transaction valued at $3.5 billion. ArcWest's Oweegee Dome, Oxide Peak and Eagle projects are currently being advanced by exploration partners through earn-in and joint venture agreements, under which ArcWest's respective partners may earn up to an 80% interest in each project. Multiple ArcWest copper-gold projects are scheduled to undergo partner funded drill testing in 2022. By conducting partner funded exploration on multiple exploration projects simultaneously, ArcWest's chances of discovery are enhanced while exposing shareholders to minimal dilution. The company is managed by an experienced technical team with a track record of discovery and a reputation for attracting well-funded senior partners, including Freeport McMoRan, Robert Friedland group companies, ITOCHU, Antofagasta and Teck.

ArcWest Explore是一家專注於北美西部斑巖銅金礦勘探機會的項目開發商。該公司在不列顛哥倫比亞省首屈一指的斑巖銅金礦區擁有八個銅金項目。這些項目包括ArcWest的Todd Creek和Oweegee Dome項目,這兩個項目是不列顛哥倫比亞省多產的金三角地區最大、最有前景的銅金勘探地塊。Oweegee Dome毗鄰Seabbridge Gold的超大型KSM-Iron Cap-Snowfield斑巖銅金礦牀,Todd Creek毗鄰Pretium的Brucejack礦場。Newcrest礦業最近完成了對Pretium及其高品位Brucejack金銀礦的收購,交易價值35億美元。ArcWest的Oweegee Dome、Oxid Peak和Eagle項目目前正由勘探合作伙伴通過增持和合資協議推進,根據協議,ArcWest各自的合作伙伴可以在每個項目中賺取高達80%的權益。多個ArcWest銅金項目計劃在2022年接受合作伙伴資助的鑽探測試。通過同時對多個勘探項目進行合作伙伴資助的勘探,ArcWest的發現機會增加,同時將股東的股權稀釋降至最低。該公司由一支經驗豐富的技術團隊管理,他們有發現的記錄,並以吸引資金雄厚的高級合作伙伴而聞名,其中包括自由港麥克莫蘭、羅伯特·弗裏德蘭集團公司、ITOCHU、安託法加斯塔和泰克。

This news release contains statements about ArcWest's expectations and are forward-looking in nature. As a result, they are subject to certain risks and uncertainties. Although ArcWest believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof, and ArcWest undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

本新聞稿包含有關ArcWest公司預期的陳述,具有前瞻性。因此,它們受到一定的風險和不確定性的影響。儘管ArcWest認為這些前瞻性陳述中反映的預期是合理的,但不應過分依賴它們,因為實際結果可能與前瞻性陳述大不相同。本新聞稿中包含的前瞻性陳述是截至本文發佈之日作出的,除非法律要求,否則ArcWest沒有義務公開更新或修改任何前瞻性陳述或信息。

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

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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