Western Gold arranges $2-million private placement

Executive Summary

• Western Gold Exploration Ltd. announced a non-brokered private placement of up to 14,814,815 common shares at 13.5 cents per share, targeting gross proceeds of up to $2 million.
• The transaction is subject to TSX Venture Exchange approval and includes a standard four-month hold period for the issued securities.
• Proceeds are designated for exploration drilling programs, related work on mining properties, and general and administrative expenses.

Key Details

• Security Type: Common shares
• Placement Structure: Non-brokered private placement
• Quantity: Up to 14,814,815 common shares
• Price: 13.5 cents per share
• Gross Proceeds: Up to $2,000,000
• 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: Four months, in accordance with applicable securities laws
• Finder's Fees: The company may pay a commission or finder's fee to eligible parties, subject to Exchange approval and legal compliance

Notable Quotes

• None provided in the text.