18:35:15 EDT Thu 03 Sep 2026
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Aurwest Resources Corporation
Symbol AWR
Shares Issued 116,254,803
Close 2026-08-31 C$ 0.025
Market Cap C$ 2,906,370
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ORIGINAL: Aurwest Announces Share Consolidation

2026-09-03 17:10 ET - News Release

(via TheNewswire)

Aurwest Resources Corp.

Calgary, Alberta (September 3, 2026) – TheNewswire – Aurwest Resources Corporation ("Aurwest" or the "Company") (CSE: AWR) announces that its Board of Directors has approved a consolidation of the Company's issued and outstanding common shares ("Common Shares") on the basis of every ten (10) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the "Consolidation"). Pursuant to the  Business Corporations Act (British Columbia)  and the Company's articles the Board of Directors is authorized to approve certain changes to the Company's capital structure, including the Consolidation.

The Board of Directors of the Company believes that the proposed Consolidation will strategically enhance Aurwest's market position by reducing the number of outstanding shares, thereby creating a more attractive share structure that is expected to broaden investor appeal and better position the Company ahead of its exploration program at its Weaver Lake gold project and its exploration program at Porter Lake uranium project.

The Canadian Securities Exchange ("CSE") has approved the Consolidation, and the Consolidation is expected to become effective on or about September 9, 2026. The name of the Company and its trading symbol will remain unchanged. The new CUSIP number for the post-Consolidation Common Shares will be 05208Y203and the new ISIN will be CA05208Y2033.

The Company currently has 125,120,604 Common Shares issued and outstanding. Following the Consolidation, the Company expects to have approximately 12,512,060 Common Shares issued and outstanding, subject to rounding. No fractional Common Shares will be issued pursuant to the Consolidation.

The exercise or conversion price of, and the number of Common Shares issuable upon the exercise or conversion of, all outstanding securities convertible into Common Shares will be adjusted proportionately in accordance with their terms to reflect the Consolidation.

Registered Shareholders will receive a letter of transmittal from the Company’s transfer agent, Olympia Trust Company, with instructions for exchanging certificates representing pre-Consolidation Common Shares for a share certificate or Direct Registration System  advice representing the post-Consolidation Common Shares to which they are entitled. Shareholders who hold their Common Shares through an intermediary are not required to take any action to effect the Consolidation.

On Behalf of Aurwest Resources Corporation

“Cameron MacDonald”

Interim President and Chief Executive Officer

For Additional Information Please Contact

Cameron MacDonald

Telephone: (403) 585-9875

Email: cmacdonald@aurwestresources.com

Website: www.aurwestresources.com

About Aurwest Resources Corporation

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

Forward-Looking Information

This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "anticipates", "believes", "expects", "intends", "estimates", "plans" and similar expressions, or by statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved.

Forward-looking statements in this news release relate to, among other things: the completion of the Consolidation; the effective date of the Consolidation and the date on which the post-Consolidation Common Shares are expected to commence trading on the CSE; the receipt of CSE approval; the number of Common Shares expected to be issued and outstanding following the Consolidation; the treatment of fractional Common Shares and the proportionate adjustment of outstanding convertible securities; and the distribution and availability of the letter of transmittal. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date the statements are made and are based on a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.

Many factors, both known and unknown, could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, without limitation: that the CSE may not accept the Consolidation, or may accept it on a timetable different from that anticipated; that the actual number of post-Consolidation Common Shares issued and outstanding may differ from the number estimated as a result of the rounding of fractional interests; delays in the transfer agent’s processes or in the distribution of the letter of transmittal; and changes in general economic, market and business conditions. Readers should not place undue reliance on forward-looking statements and are urged to refer to the Company’s public filings, available at www.sedarplus.ca, for a more complete discussion of risk factors and their potential effects. The Company does not assume any obligation to update forward-looking statements except as required by applicable securities laws.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

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