20:39:06 EDT Fri 27 Mar 2026
Enter Symbol
or Name
USA
CA



Aurwest Resources Corp
Symbol AWR
Shares Issued 105,021,635
Close 2026-03-26 C$ 0.02
Market Cap C$ 2,100,433
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Aurwest Resources arranges $300,000 private placement

2026-03-27 15:30 ET - News Release

Mr. Cameron MacDonald reports

AURWEST RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Aurwest Resources Corp. plans to complete a non-brokered private placement to raise up to $300,000 through the issuance of up to 3,333,333 flow-through shares at a price of three cents per flow-through share and up to eight million conventional units at a price of 2.5 cents per conventional unit.

Closing of the offering is subject to the company receiving all customary approvals, including those from the Canadian Securities Exchange. All securities sold under the offering will be subject to a four-month-and-one-day hold period.

Each flow-through share will consist of one flow-through common share issued at a price of three cents per common share for aggregate proceeds of approximately $100,000.

Each conventional unit will consist of one common share and one common share purchase warrant for aggregate proceeds of up to approximately $200,000. Each warrant will entitle the subscriber to purchase one additional common share at a price of five cents per common share for a period of 24 months from the date of issuance. The company has the right to force conversion of the warrants, if, at any time from and after the date of issuance, the daily volume-weighted average trading price of the company's common shares on the CSE equals or exceeds 10 cents for 20 consecutive trading days.

The proceeds of the private placement will be used primarily to finance Aurwest's continuing exploration program at the Weaver Lake option and other Canadian exploration expenditures of the company and for general corporate purposes. Closing of the private placement is expected to occur on or about the week of April 8, 2026.

The offering will take place by way of: (i) a private placement pursuant to National Instrument 45-106, Prospectus Exemptions, to qualified investors in all the provinces of Canada, except Quebec; and (ii) otherwise in those jurisdictions where the offering can lawfully be made, including the United States and other international jurisdictions under applicable private placement exemptions. Such sales to investors outside of Canada will be subject to applicable securities laws and restrictions on securities purchased.

The company reserves the right to pay a fee in cash, to eligible finders pursuant to the offering, in the amount of a 7-per-cent cash commission (paid on the aggregate amount of a completed subscription).

About Aurwest Resources Corp.

Aurwest is a Canadian-based junior resource company focused on the acquisition, exploration and development of gold properties in Canada.

We seek Safe Harbor.

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