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Financings

Westhaven closes $3M private placement with Dundee

By The Northwire Desk — AI Analysis Jan 03, 2026 · 03:21 WHN · 0.24 Westhaven Gold Corp.
WHN · Price

Executive Summary

  • Westhaven Gold Corp. has closed a private placement with Dundee Corp., raising $3 million in gross proceeds.
  • Dundee Corp. received 12 million common shares at a price of $0.25 per share.
  • The company intends to allocate the net proceeds primarily toward exploration and drilling activities, with specific allocations for property maintenance and working capital.

Key Details

  • Transaction Structure: Private placement closed with Dundee Corp.
  • Issuer: Westhaven Gold Corp.
  • Investor: Dundee Corp.
  • Shares Issued: 12,000,000 common shares.
  • Price Per Share: $0.25 CAD.
  • Gross Proceeds: $3,000,000 CAD.
  • Use of Proceeds:
    • Up to $2,000,000 for exploration activities (majority for drilling).
    • $500,000 to maintain properties in good standing as needed.
    • Remaining proceeds for general working capital.
  • Resale Restrictions: Common shares are subject to applicable resale restrictions under Canadian securities legislation and TSX Venture Exchange policies.

Notable Quotes

  • None provided in the text.
Read the original news release →

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M&A / Property