Western Exploration Inc. (TSX-V: WEX) (the "Company" or "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 Integral and G8's expertise, the Company hopes to heighten market awareness for Western Exploration and its business, including the Company's exploration and development plans for its 100% owned Aura Project, located in North Elko County, Nevada.
In connection with 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 Exchange (the "Integral Agreement"). Integral's engagement is for an initial term of 3 months and, upon the expiry of such initial term, shall automatically renew on a monthly basis until terminated by Western Exploration upon a 30-day prior written notice. In consideration for their services, Integral will receive C$6,000 per month, plus applicable taxes, which amounts shall be payable on a monthly basis by the Company.
Integral is a full-service securities 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 Policy 3.4 of the Exchange (the "G8 Agreement"). G8's engagement is for a 6-month, unless terminated by Western Exploration upon a 60-day prior written notice. In consideration for their services, G8 will receive C$4,000 per month, plus applicable taxes, which amounts shall be payable on a monthly basis by the Company.
G8 is a US based firm located in Reno, Nevada, that specializes in providing multinational companies with investor relations, communications and marketing services. G8 is an integrated communications and marketing agency that seeks to inform stakeholders of the Company's story for the purpose of broadening 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 any common shares 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 principals have an interest, directly or indirectly, in the securities of the Company.
About Western Exploration
Western Exploration Inc. is Nevada-focused precious metals exploration company, aiming to be a premier gold and silver development company in North America. The Company was born 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 city of Elko, Nevada.
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this news release may be deemed "forward‐looking statements" within the meaning of applicable Canadian and U.S. 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 in these 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 usually used in the future and the conditional, are intended to identify forward‐looking statements. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the ability of exploration activities (including drilling results), to accurately predict mineralization; errors in management's geological modelling; the ability of Western Exploration to complete further exploration activities, including drilling; to obtain additional financing for exploration or development activities on favorable terms; to continue operations and to expand operations; to identify additional resources and reserves and to exploit such resources and reserves on an economic basis; to main Western Exploration's property interests in the Aura Project; the results of exploration activities; risks relating to mining activities; the global economic climate; metal prices; environmental risks; community and non-governmental actions; the engagement of Integral and G8 (if at all, on the terms described herein); the ability of Integral and G8 to increase the market awareness for the Company; and the ability of the Company to pay Integral and G8's fees. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, Western Exploration cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such forward-looking information, as there may be other factors that 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 any such forward-looking information. Further, Western Exploration does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.
This 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 all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. Further, inferred mineral resources have a great amount of 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 ("S-K 1300") that are more closely aligned with current industry and global regulatory practices and standards, including NI 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), although there are some differences in the two standards. Accordingly, information concerning mineral deposits contain in this release may not be comparable with information made public by U.S. companies that report in accordance with S-K 1300.
For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this news release concerning Western Exploration, see the management information circular dated November 12, 2021, available electronically under Western Exploration's issuer profile on SEDAR (www.sedar.com). The forward‐looking statements set forth herein concerning Western Exploration reflect management's expectations as at the date of this news release and are subject to change after such date. Western Exploration disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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