Winshear Gold Boosts Private Placement to Significant Funding

Author: Evelyn Baker Updated: 06-03-2025 11:47 AM

Winshear Gold Expands Private Placement to $750,000

Vancouver, British Columbia – Winshear Gold Corp. (TSX-V: WINS) has announced a significant increase in its non-brokered private placement, raising the funding amount to $750,000. This follows the initial announcement made recently, highlighting the growing interest in the company's ventures.

Each unit in this private placement consists of one common share, priced at an affordable $0.06 per share. Additionally, participants will receive a half share purchase warrant, where each full warrant grants the opportunity to purchase an additional common share for $0.12 over a span of 24 months following the closing date of the financing. This structure offers investors an attractive chance to participate in Winshear's progress.

Strategic Use of Funds for Growth

The capital raised through this financing initiative is earmarked for advancing the Thunder Bay Gold Project (TBGP) as well as for general working capital needs. The TBGP is located in northwestern Ontario and represents a key strategic asset for Winshear Gold, which aims to enhance its mining capabilities and expand exploration efforts in promising locations.

Winshear's management emphasizes that the proceeds from this funding will be instrumental in pushing the TBGP forward, enabling the company to conduct necessary exploration and development activities, which are pivotal for unlocking the project's full potential.

Completion Conditions and Regulations

The successful completion of this private placement is contingent on meeting certain regulatory conditions, including the approval of the TSX Venture Exchange. It’s important for investors to note that any securities issued in conjunction with this placement will be subject to a mandatory hold period of four months and one day, beginning from the issuance date.

About Winshear Gold Corp

Winshear Gold Corp. is a dynamic Canadian mineral exploration company dedicated to extracting value from its properties. With a strong commitment to advancing mining initiatives, Winshear's projects are positioned for growth, emphasizing sustainability and community engagement throughout their endeavors.

For inquiries, stakeholders are encouraged to reach out to Irene Dorsman at +1 (604) 200 7874, or they can explore further details on their website at www.winshear.com.

Board of Directors

ON BEHALF OF THE BOARD OF DIRECTORS

"Richard D. Williams"
Richard D. Williams

Frequently Asked Questions

What is the new amount raised in the private placement?

The private placement has been increased to $750,000.

What will the funds be used for?

The proceeds will advance the Thunder Bay Gold Project and support general working capital needs.

What are the terms of the common shares and warrants?

Each unit consists of one common share at $0.06 and one half warrant to purchase additional shares at $0.12.

Is there a hold period for the securities?

Yes, there is a hold period of four months and one day from issuance.

Who can be contacted for more information?

Irene Dorsman can be reached at +1 (604) 200 7874 for inquiries.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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