Westkam Gold closes $500,000 private placement

Executive Summary

• Westkam Gold Corp. has closed an oversubscribed non-brokered private placement, issuing 7,142,858 units for gross proceeds of approximately $500,000.
• The transaction includes insider participation by a director and officer, who purchased 494,715 units, exempting the transaction from certain valuation and shareholder approval requirements under Multilateral Instrument 61-101.
• All issued securities are subject to a statutory hold period until June 11, 2026.

Key Details

• Transaction Structure: Non-brokered private placement.
• Gross Proceeds: $500,000.06.
• Units Issued: 7,142,858 units.
• Finders' Fees: $7,560 paid in connection with the offering.
• Insider Participation: A director and officer purchased 494,715 units for gross proceeds of $34,630.05.
• Regulatory Exemption: The insider participation is exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 (MI 61-101) pursuant to sections 5.5(b) and 5.7(1)(a), as the company is not listed on specified exchanges and the fair market value of securities distributed to the insider did not exceed 25% of the company's market capitalization.
• Hold Period: All securities are subject to a hold period expiring June 11, 2026, in accordance with applicable securities laws and TSX Venture Exchange policies.
• Previous Announcements: The offering was previously announced on January 23, 2026, and increased on January 26, 2026.