Aurwest issues 1.73 million shares for debt of $34,650

Executive Summary

• Aurwest Resources Corp. completed a shares-for-debt settlement with arm's-length creditor Arco Resources Ltd. to reduce outstanding liabilities and improve its financial position.
• The company issued 1,732,500 common shares at a deemed price of $0.02 per share to fully settle $34,650 in outstanding indebtedness.
• The transaction was executed in compliance with Canadian Securities Exchange policies, with all settlement shares subject to a standard 4-month-and-1-day hold period.

Key Details

• Transaction Type: Shares-for-debt settlement with an arm's-length creditor (Arco Resources Ltd.)
• Shares Issued: 1,732,500 common shares
• Deemed Price: $0.02 per share
• Debt Settled: $34,650 in outstanding indebtedness
• Financial Impact: Reduction of existing liabilities to strengthen the company's balance sheet
• Hold Period: 4 months and 1 day from the date of issuance, pursuant to applicable Canadian securities law
• Regulatory Compliance: Conducted in accordance with Canadian Securities Exchange policies