Walker Lane Resources Moves Forward with Strategic Funding

Walker Lane Resources Initiates Private Placement Offering
Walker Lane Resources Ltd. (TSX-V: WLR) is excited to unveil its new private placement initiative aimed at raising C$1,320,000. This non-brokered private placement will consist of 4,000,000 non-flow through units priced at C$0.12 each and 6,000,000 flow-through units at C$0.14 each, demonstrating the Company’s commitment to growth and development.
Structure of the Offering
Each unit in the offering comprises one common share and a full warrant. Holders of these warrants will have the right to purchase additional shares at C$0.16 per share, effective for a period of 24 months following the closure of the offering. The closing date will be finalized soon, subject to standard regulatory approvals and conditions.
Allocation of Proceeds
The proceeds from this offering are earmarked for significant ventures, including:
- Funding exploration activities across several properties with a focus on site development and drilling efforts.
- Providing essential working capital to sustain the Company’s operational flow.
Finder's Fees and Regulations
To facilitate the offering, Walker Lane Resources may engage finders, allowing them the possibility of receiving fees in cash and non-transferable warrants. All securities resulting from this offering will be subject to a holding period that extends four months and one day from issuance.
Experience and Expertise
Kevin Brewer, the Company’s President and CEO, serves as the qualified person overseeing this initiative, assuring stakeholders of compliance with industry standards. His expertise reinforces Walker Lane Resources' commitment to transparency and integrity in its operations and reporting.
Strategic Exploration Focus
Walker Lane Resources is strategically positioned within the Walker Lane Gold Trend District, focusing on exploration of high-grade gold and polymetallic deposits. The Company’s aggressive exploration strategy is set to advance its Amy Project in British Columbia and aims for significant progress through drilling, pending permit approval.
Continued Commitment to Growth
The Company is dedicated to exploring opportunities that will enhance its portfolio and shareholder value. With properties located not just in Nevada, but also in Yukon and British Columbia, the diversity of projects presents various avenues for substantial results.
About Walker Lane Resources Ltd.
Walker Lane Resources Ltd. continues to dedicate its efforts to the exploration of precious metals across North America. Focus areas include known high-potential sectors, with ongoing discussions surrounding additional opportunities to maximize its assets.
Contact Information
For any inquiries, investors can connect with Kevin Brewer, who remains available to address questions or provide additional details regarding the private placement. Interested parties can reach him at:
Tel: (709) 327 8013
Email: kbrewer80@hotmail.com
Frequently Asked Questions
What is the total amount Walker Lane Resources aims to raise?
The Company seeks to raise a total of C$1,320,000 through its private placement offering.
What will the funds from the offering be used for?
The proceeds will be utilized for exploration activities primarily at the Company's properties and for working capital needs.
Who is the Qualified Person for this offering?
Kevin Brewer, the President and CEO, has been designated as the Qualified Person overseeing the technical aspects of the offering.
What kind of units is being offered?
Walker Lane Resources is offering both non-flow through units and flow-through units, each with unique pricing and terms.
How long will investors have to hold their securities?
All securities issued under the offering will have a hold period of four months and one day from the date of issuance.
About The Author
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