(via TheNewswire)
“Blake Morgan, CEO of
Equity Investment Facility
The Equity Investment Facility is for an aggregate amount of
Pursuant to the Agreement, the Company will (i) pay Crescita an up-front commission of
All securities issued to Crescita pursuant to the Agreement will not be subject resale restrictions under applicable securities laws and the Company intends to seek a waiver from the Canadian Securities Exchange (the “CSE”) in respect of the 4-month hold period required under s. 6.1(4)(a) of CSE Policy 6Distributions & Corporate Finance.
Advisory Services
Pursuant to the Agreement, the Company has engaged Crescita to provide the Advisory Services on an as and when needed basis. The Advisory Services include: (a) advisory services with respect to general corporate and public company matters; (b) assistance with identifying strategic investment opportunities and mergers and acquisitions for the Company, including mineral property acquisitions; (c) assistance with the Company’s business development; and (d) such other services as agreed to by the Company and Crescita in writing from time‐to‐time. The Advisory Services provided by Crescita to the Company pursuant to the Investment and Advisory Agreement will be on a project specific basis and the fees payable in connection with each project will be determined from time to time on mutual written agreement of the parties at the outset of the project.
The transactions contemplated under the Equity Investment Facility, including thepayment of the Commitment Fee, remain subject to the approval of the CSE and the shareholders of the Company pursuant to the policies of the CSE.
About
About
Western Star Resources is a mineral exploration and development company. The company's objective is to increase shareholder value through the development of exploration properties using cost-effective exploration practices, acquiring further exploration properties, and seeking partnerships by either joint venture or sale with industry leaders. The company currently owns nine non-surveyed contiguous mineral claims totalling 2,797 hectares, which are located within the
Additional information about the Company is available on SEDAR+ atwww.sedarplus.comunder the Company's profile.
Contact Information:
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute "forward-looking information." In particular, references to the Agreement, payment of the Commitment Fee, future drawdowns under the Agreement, benefits to the Company of the Agreement, the Advisory Services, application of the CSE 4-month hold period to securities issued pursuant to the Agreement, the approval of the CSE and the shareholders of the Company, and future work programs of the Company are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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Copyright (c) 2023 TheNewswire - All rights reserved., source