Western Gold increases financing to $2.3-million

Executive Summary

• Western Gold Exploration Ltd. has increased the size of its non-brokered private placement of common shares, raising the total potential offering from a previous amount to up to 17,037,038 shares.
• The shares are priced at 13.5 cents per share, targeting gross proceeds of up to $2.3 million.
• Proceeds are designated for exploration drilling programs, related work on mining properties, and general and administrative expenses.

Key Details

• Transaction Type: Non-brokered private placement of common shares.
• Share Quantity: Up to 17,037,038 common shares.
• Price Per Share: 13.5 cents.
• Gross Proceeds: Up to $2.3 million.
• Use of Proceeds: Exploration drilling programs, related work on mining properties, and general and administrative expenses.
• Regulatory Status: Subject to approval of the TSX Venture Exchange.
• Hold Period: Securities are subject to a four-month hold period in accordance with applicable securities laws.
• Commissions: The company may pay commissions or finders' fees to eligible parties, subject to exchange approval and legal compliance.
• Previous Announcement: This increase relates to a private placement originally announced on Dec. 3, 2025.

Notable Quotes

• No direct quotes from management were included in the provided text.