Aurwest Resources arranges $300,000 private placement

Executive Summary

• Aurwest Resources Corp. announced a non-brokered private placement to raise up to $300,000 through the issuance of flow-through shares and conventional units.
• The offering will primarily fund the company's continuing exploration program at the Weaver Lake option, other Canadian exploration expenditures, and general corporate purposes.
• Closing is expected around the week of April 8, 2026, subject to customary regulatory approvals, including from the Canadian Securities Exchange.

Key Details

• Total Proceeds: Up to $300,000
• Flow-Through Shares: Up to 3,333,333 shares issued at $0.03 per share, generating approximately $100,000 in aggregate proceeds.
• Conventional Units: Up to 8,000,000 units issued at $0.025 per unit, generating up to approximately $200,000 in aggregate proceeds.
• Warrant Terms: Each conventional unit includes one warrant entitling the holder to purchase one additional common share at $0.05 per share for a period of 24 months from issuance.
• Forced Conversion Right: The company may force warrant conversion if the daily volume-weighted average trading price on the CSE equals or exceeds $0.10 for 20 consecutive trading days.
• Hold Period: All securities sold are subject to a four-month-and-one-day hold period.
• Use of Proceeds: Primarily to finance the continuing exploration program at the Weaver Lake option, other Canadian exploration expenditures, and general corporate purposes.
• Closing Timeline: Expected on or about the week of April 8, 2026.
• Regulatory Framework: Conducted pursuant to National Instrument 45-106 to qualified investors in all Canadian provinces except Quebec, and in other jurisdictions under applicable private placement exemptions.
• Finder's Commission: A 7% cash commission will be paid to eligible finders on the aggregate amount of completed subscriptions.