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VANCOUVER, British Columbia — Western Exploration Inc. (TSX-V: WEX) (the “Society” Where “Western exploration“) is pleased to announce the addition of Integral Wealth Securities Limited (“Integral“) and G8 Strategies LLC (“G8“) to the Company’s Investor Relations team, for the purpose of providing certain market making and investor relations services in accordance with the policies of the TSX Venture Exchange (the “Exchange“). By leveraging the expertise of Integral and G8, the Company hopes to increase awareness of Western Exploration and its activities, including the Company’s exploration and development plans for its wholly owned Aura Project, located in North Elko County, Nevada.
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As part of Integral’s engagement, the Company and Integral have entered into a marketing agreement, pursuant to which, among other things, Integral has agreed to provide certain market making services in accordance with Policy 3.4 – Investor Relations, Promotional and Market Making Activities (“Policy 3.4“) of the Stock Exchange (the “Full AgreementIntegral’s engagement is for an initial term of 3 months and, upon expiration of this initial term, will automatically renew on a monthly basis until terminated by Western Exploration for a 30 days written notice In return for their services, Integral will receive CA$6,000 per month, plus applicable taxes, which amounts will be payable monthly by the Company.
Integral is a full-service investment dealer engaged in wealth management, market making and investment banking with offices in Toronto, Ottawa, Calgary, Vancouver, Kitchener-Waterloo, Burlington, Sydney and Nanaimo.
In addition, the Company has also entered into a Services Agreement with G8, pursuant to which, among other things, G8 has agreed to provide certain Investor Relations Services in accordance with Exchange Policy 3.4 (the “G8 agreementG8’s engagement is for 6 months, unless terminated by Western Exploration upon 60 days’ written notice. In consideration for their services, G8 will receive CA$4,000 per month, plus applicable taxes, which amounts will be payable monthly by the Company.
G8 is an American company located in Reno, Nevada, which specializes in providing multinational companies with investor relations, communications and marketing services. G8 is an integrated communications and marketing agency that seeks to educate stakeholders about the Company’s history with the aim of expanding the Company’s reach within the investment community.
Neither the Integral Agreement nor the G8 Agreement contain any performance factors, and neither Integral nor G8 will receive common stock or options as compensation. Further, Integral, G8 and the Company are unrelated and unaffiliated entities and, as of the date hereof, neither Integral, G8 nor any of their officers have any interest, directly or indirectly, in the securities of the society.
About Western Exploration
Western Exploration Inc. is a Nevada-focused precious metals exploration company, aiming to be a premier gold and silver development company in North America. The company grew out of a 25-year history of advancing exploration projects in Nevada as a private company. Its principal asset is the Aura gold-silver project, located in Elko County, Nevada, approximately 120 kilometers north of the town of Elko, Nevada.
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Caution Regarding Forward-Looking Information
Certain statements contained in this press release may be considered “forward-looking statements” within the meaning of applicable Canadian and United States securities laws. These forward-looking statements, by their nature, require Western Exploration to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are not guarantees of performance. Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate” , “continue” or the negative or comparable terminology, as well as terms commonly used in the future tense and conditional tense, are intended to identify forward-looking statements. This forward-looking information is based on reasonable assumptions and estimates made by the Company’s management at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors that could cause the results company’s actual results, performance or achievements are materially different from any future results, performance or achievements expressed or implied by such forward-looking information. These factors include, among others, risks relating to the ability of exploration activities (including drilling results) to accurately predict mineralization; errors in the geological modeling of the direction; Western Exploration’s ability to carry out other exploration activities, including drilling; obtain additional financing for exploration or development activities on favorable terms; continue operations and expand operations; identify additional resources and reserves and exploit these resources and reserves on an economic basis; Western Exploration’s principal ownership interests in the Aura project; results of exploration activities; risks related to mining activities; the global economic climate; metal prices; environmental risks; community and non-governmental actions; the commitment of Integral and G8 (if applicable, under the conditions described here); the ability of Integral and G8 to increase the Company’s reputation in the market; and the Company’s ability to pay Integral’s and G8’s fees. Although the forward-looking information contained in this press release is based on what management believes, or believed at the time, to be reasonable assumptions, Western Exploration cannot assure shareholders and potential purchasers of securities of the Company that actual results will be consistent with these assumptions. forward-looking information, as there may be other factors which may cause results not to be as anticipated, estimated or intended, and neither Western Exploration nor any other person assumes responsibility for the accuracy and completeness of such forward-looking information. Further, Western Exploration does not undertake or undertake any obligation to update or revise any forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as required by law.
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This press release uses the terms “mineral resources”, “indicated mineral resources” and “inferred mineral resources”. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. You should not assume that any part or all of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. In addition, inferred mineral resources involve great uncertainty as to their existence and as to whether they can be mined legally or economically. On October 31, 2018, the SEC adopted new mining disclosure rules (“SK 1300”) that are more closely aligned with current industry and global regulatory practices and standards, including National Instrument 43-101 Disclosure for Mining Projects (“NI 43 -101”), although there are some differences between the two standards. Accordingly, information regarding mineral deposits contained in this release may not be comparable to information made public by U.S. companies reporting in accordance with SK 1300.
For additional information on these and other factors and assumptions underlying the forward-looking statements made in this press release regarding Western Exploration, please see the Management Information Circular dated November 12, 2021, available at electronically under Western Exploration’s issuer profile on SEDAR ( www.sedar.com). The forward-looking statements set forth herein regarding Western Exploration reflect management’s expectations as of the date of this press release and are subject to change after such date. Western Exploration disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220209006187/en/
contacts
For more information please contact:
Nichole Cowles
Investor Relations
Phone: 775-240-4172
Email: nicholecowles@westernexploration.com
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