Aurwest closes $248,770 private placement to fund Canadian gold exploration.

Aurwest Resources has closed a non-brokered private placement, raising $248,770 through issuing flow-through shares and conventional units. The funds will primarily support exploration at the Weaver Lake Option and other Canadian projects, as well as general corporate purposes. Insiders participated in the offering, acquiring 1.8 million units, with the company relying on exemptions from certain regulatory approvals. The securities are subject to a hold period and are not registered for sale in the U.S.