Pinwheel Resources Limited signed a share purchase agreement to acquire West Cirque Resources Limited from Kaizen Discovery Inc. (TSXV:KZD) for CAD 10 million on November 16, 2023. Under the transaction, Pinwheel will acquire 100% ownership of West Cirque Resources, a wholly owned subsidiary of Kaizen for CAD 10 million and a 2% net smelter returns royalty ("Royalty"). The completion of the transaction is subject to customary closing conditions.

The transaction is expected to close by the end of November 2023.