Aurwest Resources Announces Non-Brokered Private Placement

Executive Summary

• Aurwest Resources Corp. announced a non‑brokered private placement to raise up to C$300,000 through the issuance of flow‑through shares and conventional units.
• The offering includes up to 3,333,333 FT Shares at $0.03 each and up to 8,000,000 Conventional Units at $0.025 each, with associated warrants exercisable at $0.05 per share.
• Proceeds will primarily fund exploration activities at the Weaver Lake Option and other Canadian projects, with closing expected around the week of April 8, 2026.

Key Details

• Maximum Offering Size: C$300,000.
• Instruments Offered:
• Up to 3,333,333 flow‑through (FT) Shares at $0.03 per share (≈ C$100,000 gross proceeds).
• Up to 8,000,000 Conventional Units at $0.025 per unit (≈ C$200,000 gross proceeds).
• Conventional Unit Composition: One common share plus one warrant.
• Warrant Terms: Right to purchase an additional common share at $0.05 for 24 months from issuance; company may force conversion if the daily VWAP ≥ $0.10 for 20 consecutive trading days.
• Hold Period: All securities subject to a four‑month and one‑day hold period.
• Use of Proceeds: Primarily to fund continuing exploration at Weaver Lake Option and other Canadian exploration expenditures; remainder for general corporate purposes.
• Closing Timeline: Expected on or about the week of April 8, 2026, subject to customary approvals (including CSE).
• Offering Structure: Private placement under NI 45‑106 prospectus exemptions to qualified investors in Canada (except Québec) and where permissible internationally; U.S. securities laws compliance noted.
• Finder’s Fee: Company may pay a cash commission of up to 7% on the aggregate amount of completed subscriptions to eligible finders.

Notable Quotes

“Cameron MacDonald” – Interim President and Chief Executive Officer, Aurwest Resources Corp. (no direct quote provided in release)