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.
加拿大阿尔伯塔省卡尔加里-(Newsfile Corp.-2022年11月28日)-Aurwest Resources Corporation(CSE:AWR) ("奥韦斯特“或”公司“)很高兴地宣布,根据最近完成的安排计划,并将其在不列颠哥伦比亚省的铜星资产剥离给铜星勘探有限公司。铜星),铜星计划完成认购收据的定向增发融资。据此前新闻稿披露,铜星将申请通过直接上市成为上市公司(直接上市“)在加拿大证券交易所(”CSE“),上市条件之一是完成下文披露的定向增发融资。
Copper Star Subscription Receipt Offering
铜星订阅收据优惠
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").
铜星计划完成非经纪私募认购收据(“认购收据“)通过发行最多5,000,000个直通认购收据单位,筹集总计最多1,025,000美元的收益(‘FT单位“),毛收入不超过500,000美元和不超过7,000,000个常规订阅收据单位的价格为每FT单位0.10美元(”传统型 单位“)以每常规单位0.075美元的价格,毛收入不超过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.
每个金融时报单位将包括一股流通股,价格为0.10美元,以及一份认购权证的一半(每份完整的认股权证,一份英国《金融时报》授权“)。每份认股权证将使认购人有权在发行日期起计24个月内,按0.15美元的价格购买一股额外的铜星普通股,但须受铜星有权在英国《金融时报》认股权证发行两年周年日之后的任何时间加快FT认股权证的到期日,前提是CSE普通股的前十日成交量加权价格超过0.20美元,直至向所有认股权证持有人发出通知及铜星发出新闻稿宣布缩短FT认股权证期限的日期起计不少于30个历日。资金的流转部分预计将于2022年12月结束,最迟于2022年12月31日结束,以确保一旦满足代管解除条件(定义见下文),流转的收益可用于2023年的适用支出。
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.
每个常规单位将包括一股普通股,价格为0.075美元,以及一份认购权证的一半(每份完整认股权证,一份常规授权书每份普通权证将使认购人有权在发行日期起计24个月内,按0.125美元的价格额外购买一股普通股,但须受铜星有权在常规权证发行两年周年日之后的任何时间加快常规权证的到期日(如联交所普通股的前十日成交量加权价格超过0.2美元),直至铜星向所有认股权证持有人发出通知及铜星发出新闻稿宣布缩短常规权证期限的日期后不少于30个历日为止。
A finder's fee of 7% cash commission and 7% FT Units/Conventional Units may be paid on completed subscriptions from the Offering.
完成认购后,可支付7%的现金佣金和7%的FT单位/常规单位的寻找人费用。
Appointment of Cam Grundstrom as a Director of Copper Star
任命Cam Grundstrom为铜星董事
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.
铜星也很高兴地宣布,它已经任命Cam Grundstrom为铜星的董事。Grundstrom先生(B.Sc.Eng.)作为一名拥有丰富运营和开发经验的采矿工程师,他的工作经历超过了37年。在他37年的职业生涯中,Grundstrom先生在加拿大和巴布亚新几内亚的大型采矿项目中担任过关键的管理职位,包括在世界级地下和露天矿山的任务,在那里他领导的团队在确保安全和高效运营的同时实现了生产记录。Grundstrom先生之前曾在铜狐金属公司担任运营副总裁总裁,在那里他是带领Schaft Creek项目进行积极可行性研究的团队成员。Schaft Creek是一个大型铜金钼银矿床,目前的税后净现值为8.42亿美元(100%利息)的8%。格伦斯特罗姆现在是采矿业的一名顾问。
Subscription Receipt Escrow Provisions
认购收据托管条款
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.
发行的总收益(“代管资金“)将由奥林匹亚信托公司(The”托管代理“),并根据认购收据协议(”订阅收据协议如果在2023年9月28日(或铜星公司可能同意的其他日期)之前没有满足托管释放条件(定义如下)(托管截止日期“),托管代理将在托管截止日期后五个工作日内或更早的日期内,向订阅收据持有人返还一笔相当于他们持有的订阅收据及其按比例从中赚取的任何利息的一部分(扣除任何适用的预扣税)。在托管资金(加上应计利息)不足以购买预期的所有认购收据的情况下,铜星将提供必要的金额来弥补任何缺口(即每位持有人将获得相当于每张认购收据的发行价的金额)。铜星将对认购收据持有人就发行总收益与托管基金之间的任何差额负责并承担法律责任。
For the purposes of this press release, the "Escrow Release Conditions" will include the following:
就本新闻稿而言,“托管解除条件“将包括以下内容:
- 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.
- 有条件地批准铜星在中交所上市,并完成、满足或免除上市前的所有条件;
- 收到与直接上市相关的所有监管、股东和第三方批准(如果有);
- 完成直接上市的所有条件(托管资金释放除外)应已得到满足或放弃;
- 剥离铜星及其主要资产的所有先决条件已得到满足或放弃;以及
- 铜星向认购收据代理发出释放通知,确认已满足第(I)至(Iv)中的条件。
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.
在托管截止日期或之前满足托管释放条件后,托管代理将向铜星释放托管资金。在认购收据协议条款的规限下,认购收据应被视为在满足托管解除条件后自动交换为铜星的普通股和认股权证。
Use of Proceeds from the Offering
使用发行所得款项
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.
本次发行所得款项将主要用于资助铜星公司在位于不列颠哥伦比亚省休斯敦西南约25-65公里处的28,814公顷恒星之星铜金矿的100%权益的勘探计划,并用于一般营运资金用途。有关发售所得款项的一般用途表如下所载,但该等金额为估计数字,可能会有所更改。
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 |
在加拿大证券交易所公开上市 | $75,000 |
勘探与开发 | $500,000 |
融资成本 | $72,000 |
营运资金和一般公司用途 | $378,000 |
总计 | $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.
铜星可能会就此次发行支付寻找人的费用。因是次发行而发行的证券将受四个月零一天的法定持有期所规限。此次发行的结束仍有待监管部门的批准,包括加拿大证券交易所的批准。
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.
所发行的证券没有,也不会根据修订后的《1933年美国证券法》进行登记。《美国证券法》“)或美国任何州证券法,不得在美国境内或为美国人的账户或利益而提供或出售,除非注册或任何适用的豁免美国证券法和适用的美国州证券法的注册要求。本新闻稿不构成在美国或在任何其他司法管辖区出售证券的要约或邀请购买证券的要约。
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:
Aurwest Resources Corporation
Colin Christensen
President and Chief Executive Officer
Telephone: (403) 483-8363
Email: cchristensen@aurwestresources.com
Website:
奥韦斯特资源公司
科林·克里斯滕森
总裁与首席执行官
电话:(403)483-8363
电子邮件:cchristensen@aurwestresource ces.com
网站:
Copper Star Exploration Ltd.
铜星勘探有限公司。
Colin Christensen
President and Chief Executive Officer
Telephone: (403) 483-8363
Email: cchristensen@aurwestresources.com
Website:
科林·克里斯滕森
总裁与首席执行官
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。
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.
铜星勘探有限公司简介
铜星是一家总部位于加拿大的私人初级资源公司,专注于收购、勘探和开发加拿大的矿产资源。铜星计划完成在CSE的直接上市,成为一家上市公司,并拥有28,814公顷的恒星之星铜/金矿的100%权益,该资产位于不列颠哥伦比亚省休斯敦西南约25-65公里处。
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
本公告中包含的声明,包括与我们的计划、意图和预期有关的声明,均为非历史性声明,特此确认为“前瞻性声明”。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。本公司和铜星公司提醒读者,前瞻性声明,包括但不限于与铜星公司建议的发售、未来运营和业务前景有关的声明,会受到某些风险和不确定因素的影响,这些风险和不确定性可能会导致实际结果与前瞻性声明中所述的大不相同。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,公司和铜星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。
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