Financings
Aurwest Resources Announces Closing Of Shares For Debt Settlement

AWR · Price
Executive Summary
- Aurwest Resources completed a shares‑for‑debt settlement with creditor ARCO Resources Ltd., issuing 1,732,500 common shares at a deemed $0.02 per share to extinguish $34,650 of outstanding indebtedness.
- The transaction reduces the Company’s liabilities and is intended to improve its financial position.
- All issued shares are subject to a four‑month‑plus hold period under Canadian securities law.
Key Details
- Transaction Structure: Shares‑for‑debt settlement; 1,732,500 common shares issued.
- Deemed Share Price: $0.02 per share.
- Debt Extinguished: $34,650 of outstanding indebtedness to ARCO Resources Ltd. (arm’s length creditor).
- Hold Period: Shares subject to a four‑month and one‑day hold period from issuance date per applicable securities regulations.
- Purpose: Reduce existing liabilities and strengthen the Company’s balance sheet.
Notable Quotes
- “The completion of this Debt Settlement improves our financial position by reducing our existing liabilities.” – Cameron MacDonald, Interim President and CEO.
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Jun 23, 2026 · 08:00