Aurwest and Copper Star Announce a Non-Brokered Private Placement Financing of Subscription Receipts for Copper Star
Aurwest and Copper Star Announce a Non-Brokered Private Placement Financing of Subscription Receipts for Copper Star
Calgary, Alberta--(Newsfile Corp. - November 28, 2022) - Aurwest Resources Corporation (CSE: AWR) ("Aurwest" or the "Company") is pleased to announce that pursuant to the recent closing of its Plan of Arrangement and spin out of its Copper Stars property in British Columbia to Copper Star Exploration Ltd. ("Copper Star"), Copper Star plans to complete a private placement financing of subscription receipts. As disclosed in previous press releases Copper Star will be applying to become a publicly listed company through a direct listing ("Direct Listing") on the Canadian Securities Exchange (the "CSE") and one of the conditions of listing is the completion of the private placement financing disclosed below.
加拿大阿爾伯塔省卡爾加里-(Newsfile Corp.-2022年11月28日)-Aurwest Resources Corporation(CSE:AWR) ("奧韋斯特“或”公司“)很高興地宣佈,根據最近完成的安排計劃,並將其在不列顛哥倫比亞省的銅星資產剝離給銅星勘探有限公司。銅星),銅星計劃完成認購收據的定向增發融資。據此前新聞稿披露,銅星將申請通過直接上市成為上市公司(直接上市“)在加拿大證券交易所(”CSE“),上市條件之一是完成下文披露的定向增發融資。
Copper Star Subscription Receipt Offering
銅星訂閲收據優惠
Copper Star plans to complete a non-brokered private placement of subscription receipts (the "Subscription Receipts") to raise aggregate proceeds of up to $1,025,000 through the issuance of up to 5,000,000 flow-through Subscription Receipt units ('FT Units") at a price of $0.10 per FT Unit for gross proceeds of up to $500,000 and up to 7,000,000 conventional Subscription Receipt units ("Conventional Units") at a price of $0.075 per Conventional Unit for gross proceeds of up to $525,000 (the "Offering").
銅星計劃完成非經紀私募認購收據(“認購收據“)通過發行最多5,000,000個直通認購收據單位,籌集總計最多1,025,000美元的收益(‘FT單位“),毛收入不超過500,000美元和不超過7,000,000個常規訂閲收據單位的價格為每FT單位0.10美元(”傳統型 單位“)以每常規單位0.075美元的價格,毛收入不超過525,000美元(”供奉").
Each FT Unit will consist of one flow-through share at a price of $0.10 and one half of one share purchase warrant (each whole warrant, a "FT Warrant"). Each Warrant will entitle the subscriber to purchase one additional common share of Copper Star at a price of $0.15 for 24 months from the date of issuance, subject to the right of Copper Star to accelerate the expiry date of the FT Warrants at any time following the two year anniversary of the date the FT Warrants are issued, if the preceding ten day volume weighted price of the common shares on the CSE exceeds $0.20, to the date which is not less than 30 calendar days following the date notices are sent to all warrant holders and a press release is issued by Copper Star announcing the reduced FT Warrant term. The flow-through portion of the financing is anticipated to close in December 2022 and at the latest December 31, 2022 to ensure that, once the Escrow Release Conditions (defined below) are satisfied, the flow through proceeds can be utilized on applicable expenditures in 2023.
每個金融時報單位將包括一股流通股,價格為0.10美元,以及一份認購權證的一半(每份完整的認股權證,一份英國《金融時報》授權“)。每份認股權證將使認購人有權在發行日期起計24個月內,按0.15美元的價格購買一股額外的銅星普通股,但須受銅星有權在英國《金融時報》認股權證發行兩年週年日之後的任何時間加快FT認股權證的到期日,前提是CSE普通股的前十日成交量加權價格超過0.20美元,直至向所有認股權證持有人發出通知及銅星發出新聞稿宣佈縮短FT認股權證期限的日期起計不少於30個歷日。資金的流轉部分預計將於2022年12月結束,最遲於2022年12月31日結束,以確保一旦滿足代管解除條件(定義見下文),流轉的收益可用於2023年的適用支出。
Each Conventional Unit will consist of one common share at a price of $0.075 and one half of one share purchase warrant (each whole warrant, a "Conventional Warrant"). Each Conventional Warrant will entitle the subscriber to purchase one additional common share at a price of $0.125 for 24 months from the date of issuance, subject to the right of Copper Star to accelerate the expiry date of the Conventional Warrants at any time following the two year anniversary of the date the Conventional Warrants are issued, if the preceding ten day volume weighted price of the common shares on the CSE exceeds $0.20, to the date which is not less than 30 calendar days following the date notices are sent to all warrant holders and a press release is issued by Copper Star announcing the reduced Conventional Warrants term.
每個常規單位將包括一股普通股,價格為0.075美元,以及一份認購權證的一半(每份完整認股權證,一份常規授權書每份普通權證將使認購人有權在發行日期起計24個月內,按0.125美元的價格額外購買一股普通股,但須受銅星有權在常規權證發行兩年週年日之後的任何時間加快常規權證的到期日(如聯交所普通股的前十日成交量加權價格超過0.2美元),直至銅星向所有認股權證持有人發出通知及銅星發出新聞稿宣佈縮短常規權證期限的日期後不少於30個歷日為止。
A finder's fee of 7% cash commission and 7% FT Units/Conventional Units may be paid on completed subscriptions from the Offering.
完成認購後,可支付7%的現金佣金和7%的FT單位/常規單位的尋找人費用。
Appointment of Cam Grundstrom as a Director of Copper Star
任命Cam Grundstrom為銅星董事
Copper Star is also pleased to announce that it has appointed Cam Grundstrom as a director of Copper Star. Mr. Grundstrom (B.Sc. Eng.) brings over +37 years as a mining engineer with extensive operations and development experience. Over his 37-year career Mr. Grundstrom has held key management positions in large mining projects in Canada and Papua New Guinea, including assignments in world-class underground and open pit mines where he led teams in attaining production records while ensuring safe and efficient operations. Mr. Grundstrom previously served as Vice President - Operations with Copper Fox Metals Inc., where he was part of the team to take the Schaft Creek Project through to a positive feasibility study. Schaft Creek, a large copper-gold-molybdenum and silver deposit, currently boasts a post-tax net present value at 8% of US$842 million (100% interest). Mr. Grundstrom is now a consultant in the mining industry.
銅星也很高興地宣佈,它已經任命Cam Grundstrom為銅星的董事。Grundstrom先生(B.Sc.Eng.)作為一名擁有豐富運營和開發經驗的採礦工程師,他的工作經歷超過了37年。在他37年的職業生涯中,Grundstrom先生在加拿大和巴布亞新幾內亞的大型採礦項目中擔任過關鍵的管理職位,包括在世界級地下和露天礦山的任務,在那裏他領導的團隊在確保安全和高效運營的同時實現了生產記錄。Grundstrom先生之前曾在銅狐金屬公司擔任運營副總裁總裁,在那裏他是帶領Schaft Creek項目進行積極可行性研究的團隊成員。Schaft Creek是一個大型銅金鉬銀礦牀,目前的税後淨現值為8.42億美元(100%利息)的8%。格倫斯特羅姆現在是採礦業的一名顧問。
Subscription Receipt Escrow Provisions
認購收據託管條款
The gross proceeds of the Offering (the "Escrowed Funds") will be held in escrow by Olympia Trust Company (the "Escrow Agent") and invested as pursuant to the terms of a subscription receipt agreement (the "Subscription Receipt Agreement"). If the Escrow Release Conditions (defined below) are not satisfied prior to September 28, 2023 (or such other date as may be agreed to by Copper Star) (the "Escrow Deadline"), the Escrow Agent will return to holders of Subscription Receipts, within five business days after the Escrow Deadline or such earlier date, an amount equal to the aggregate issuance price of the Subscription Receipts held by them and their pro rata portion of any interest earned thereon (net of any applicable withholding tax). To the extent that the Escrowed Funds (plus accrued interest) are not sufficient to purchase all of the Subscription Receipts as contemplated, Copper Star will contribute such amounts as are necessary to satisfy any shortfall (such that each holder shall receive an amount equal to the issuance price per Subscription Receipt). Copper Star will be responsible and liable to the holders of Subscription Receipts for any shortfall between the aggregate gross proceeds of the Offering and the Escrowed Funds.
發行的總收益(“代管資金“)將由奧林匹亞信託公司(The”託管代理“),並根據認購收據協議(”訂閲收據協議如果在2023年9月28日(或銅星公司可能同意的其他日期)之前沒有滿足託管釋放條件(定義如下)(託管截止日期“),託管代理將在託管截止日期後五個工作日內或更早的日期內,向訂閲收據持有人返還一筆相當於他們持有的訂閲收據及其按比例從中賺取的任何利息的一部分(扣除任何適用的預扣税)。在託管資金(加上應計利息)不足以購買預期的所有認購收據的情況下,銅星將提供必要的金額來彌補任何缺口(即每位持有人將獲得相當於每張認購收據的發行價的金額)。銅星將對認購收據持有人就發行總收益與託管基金之間的任何差額負責並承擔法律責任。
For the purposes of this press release, the "Escrow Release Conditions" will include the following:
就本新聞稿而言,“託管解除條件“將包括以下內容:
- Copper Star being conditionally approved for listing on the CSE and the completion, satisfaction or waiver of all conditions precedent to such listing;
- the receipt of all regulatory, shareholder and third-party approvals, if any, required in connection with the Direct Listing;
- all conditions to the completion of the Direct Listing (other than the release of the Escrowed Funds), shall have been satisfied or waived;
- all conditions precedent for the spin-out of Copper Star and its principal asset have been satisfied or waived; and
- Copper Star delivers a release notice to the Subscription Receipt Agent confirming the conditions in (i) through (iv) have been satisfied.
- 有條件地批准銅星在中交所上市,並完成、滿足或免除上市前的所有條件;
- 收到與直接上市相關的所有監管、股東和第三方批准(如果有);
- 完成直接上市的所有條件(託管資金釋放除外)應已得到滿足或放棄;
- 剝離銅星及其主要資產的所有先決條件已得到滿足或放棄;以及
- 銅星向認購收據代理髮出釋放通知,確認已滿足第(I)至(Iv)中的條件。
Upon satisfaction of the Escrow Release Conditions at or prior to the Escrow Deadline, the Escrow Agent will release the Escrowed Funds to Copper Star. Subject to the terms of the Subscription Receipt Agreement, the Subscription Receipts shall be deemed to be automatically exchanged into Common Shares and Warrants of Copper Star upon satisfaction of the Escrow Release Conditions.
在託管截止日期或之前滿足託管釋放條件後,託管代理將向銅星釋放託管資金。在認購收據協議條款的規限下,認購收據應被視為在滿足託管解除條件後自動交換為銅星的普通股和認股權證。
Use of Proceeds from the Offering
使用發行所得款項
The proceeds of the Offering will be used primarily to fund Copper Star's exploration program at its 100% interest in the 28,814 hectare Stellar Stars copper/gold property, located approximately 25-65 kilometers southwest of Houston, British Columbia, and for general working capital purposes. A general use of proceeds table is set out below regarding the proceeds of the Offering, however these amounts are estimates and are subject to change.
本次發行所得款項將主要用於資助銅星公司在位於不列顛哥倫比亞省休斯敦西南約25-65公里處的28,814公頃恆星之星銅金礦的100%權益的勘探計劃,並用於一般營運資金用途。有關發售所得款項的一般用途表如下所載,但該等金額為估計數字,可能會有所更改。
Use of Proceeds | ($) Canadian Dollars |
Public Listing on the Canadian Securities Exchange | $75,000 |
Exploration and Development | $500,000 |
Financing Costs | $72,000 |
Working Capital and General Corporate Purposes | $378,000 |
Total | $1,025,000 |
收益的使用 | ($)加元 |
在加拿大證券交易所公開上市 | $75,000 |
勘探與開發 | $500,000 |
融資成本 | $72,000 |
營運資金和一般公司用途 | $378,000 |
總計 | $1,025,000 |
Copper Star may pay finder's fee in respect to the Offering. Securities issued as a result of the Offering will be subject to a statutory hold period of four months and one day. Closing of the Offering remains subject to regulatory approval, including approval of the Canadian Securities Exchange.
銅星可能會就此次發行支付尋找人的費用。因是次發行而發行的證券將受四個月零一天的法定持有期所規限。此次發行的結束仍有待監管部門的批准,包括加拿大證券交易所的批准。
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.
所發行的證券沒有,也不會根據修訂後的《1933年美國證券法》進行登記。《美國證券法》“)或美國任何州證券法,不得在美國境內或為美國人的賬户或利益而提供或出售,除非註冊或任何適用的豁免美國證券法和適用的美國州證券法的註冊要求。本新聞稿不構成在美國或在任何其他司法管轄區出售證券的要約或邀請購買證券的要約。
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:
Aurwest Resources Corporation
Colin Christensen
President and Chief Executive Officer
Telephone: (403) 483-8363
Email: cchristensen@aurwestresources.com
Website:
奧韋斯特資源公司
科林·克里斯滕森
總裁與首席執行官
電話:(403)483-8363
電子郵件:cchristensen@aurwestresource ces.com
網站:
Copper Star Exploration Ltd.
銅星勘探有限公司。
Colin Christensen
President and Chief Executive Officer
Telephone: (403) 483-8363
Email: cchristensen@aurwestresources.com
Website:
科林·克里斯滕森
總裁與首席執行官
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。
About Copper Star Exploration Ltd.
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.
銅星勘探有限公司簡介
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
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 proposed Offering, 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.
前瞻性信息
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,前瞻性聲明,包括但不限於與銅星公司建議的發售、未來運營和業務前景有關的聲明,會受到某些風險和不確定因素的影響,這些風險和不確定性可能會導致實際結果與前瞻性聲明中所述的大不相同。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。
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