On September 14, 2018, Seven Devils Exploration Ltd. (“Seven Devils”) completed the sale of certain mineral properties to ArcWest Exploration Inc. (formerly known as Sojourn Exploration Inc.) (“ArcWest”), as a result of which ArcWest acquired the Oxide Peak, Eagle, Rip, and Teeta Cree properties (the “Properties”) from Seven Devils in consideration for the issuance of 9,623,417 common shares in the capital of ArcWest. Seven Devils retained a 2% net smelter royalty in the Properties.
Seven Devils is a private exploration mining company owned by an exploration team with a track record of discovery and a portfolio of early stage porphyry copper–gold projects.
ArcWest is an exploration mining company moving to a “prospect generator” business model initially focused on securing exploration properties in the Golden Triangle region of British Columbia. ArcWest trades under the symbol “AWX” on the TSX Venture Exchange.