sur Aurwest Resources Corporation (CVE:AWR)
Aurwest Completes Sale of Stars Property and Announces Corporate Updates
Aurwest Resources Corporation has finalized the sale of its Stars property to Interra Copper Corp, securing approximately $1 million in cash and securities. The transaction, initially announced in October 2024, also involves a deferred payment expected in Q1 2025. Additionally, Cameron MacDonald, interim CEO of Aurwest, joins Interra's Board of Directors.
Aurwest has also resolved a longstanding management dispute through a Settlement Agreement with 0783701 B.C. Ltd. The agreement entails a payment schedule amounting to $250,000 to resolve an Arbitration Award. Payments will be made through cash and proceeds from Interra shares.
Furthermore, Brian Prokop has resigned from Aurwest's Board, effective January 7, 2025, to focus on personal business commitments. The company acknowledges his contributions and wishes him success in future endeavors.
R. E.
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