WestKam Gold Corp. Announces Extension for Private Placement
WestKam Gold Corp. Announces Closing Date Extension
Vancouver-based WestKam Gold Corp. (TSXV: WKG) has recently informed its stakeholders about an extension regarding its private placement closing date. The TSX Venture Exchange (TSXV) has granted the Company permission to extend this closing date to ensure a smooth transition and adequate time for closing.
Details of the Extended Private Placement
The initial announcement regarding the private placement took place earlier. With the new closing date set for September 30, the Company is looking to raise a total of up to $250,000. This funding will be gathered through the sale of approximately 3,571,428 units, with each unit priced at a more accessible rate of $0.07. Each of these units will consist of one common share alongside a common share purchase warrant, which holders can exercise at $0.10 for a duration of two years.
Allocation of Funds
Proceeds from the sale of the units are intended to be invested in the exploration of the Will Property, one of the Company's significant projects. Moreover, some of the funding will also be allocated for unallocated working capital to support ongoing operations.
Regulatory Oversight and Compliance
It’s essential to note that the completion of this private placement is still contingent on receiving all required regulatory approvals. This compliance includes necessary permissions from the TSXV, ensuring that all aspects of the transaction are aligned with established securities laws.
Potential Finder's Fees
As a part of the placement, WestKam Gold Corp. may compensate eligible finders as permitted under applicable laws and regulations. This serves as a significant incentive for parties who help in facilitating this investment opportunity.
About WestKam Gold Corp.
WestKam Gold Corp. is dedicated to the acquisition and development of mineral properties that show potential for significant resources in Western Canada. The company is keen on expanding its portfolio further into established mining districts known for their favorable geological aspects.
Engagement with the Community and Future Plans
As WestKam Gold Corp. continues on its path of exploration and development, it remains committed to engaging with the community, stakeholders, and investors to keep them informed about its progress. This commitment not only fosters transparency but also strengthens the trust in the company's future endeavors.
Conclusion and Contact Information
For anyone interested in following the developments related to WestKam Gold Corp., the Company’s office is located at 900, 570 Granville Street, Vancouver, BC, V6C 3P1. For further inquiries regarding investor relations, individuals can contact the company directly at (250) 216-5671 or reach out via email at westkam007@gmail.com. More information can also be found on their official website.
Frequently Asked Questions
What is the purpose of the private placement by WestKam Gold Corp.?
The private placement aims to raise funds for exploration activities on the Will Property and to support operational working capital.
What is the new closing date for the private placement?
The new closing date has been extended to September 30, 2025, to facilitate the completion of the offering.
How many units are being offered in the placement?
The company is offering up to 3,571,428 units at a price of $0.07 per unit.
What will each unit consist of?
Each unit will consist of one common share and one common share purchase warrant.
Who is the President of WestKam Gold Corp.?
Peter Laipnieks serves as the President and CEO of WestKam Gold Corp.
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