West Point Gold increases financing to $25-million

Executive Summary

• West Point Gold Corp. has upsized its brokered private placement from up to $20 million to up to $25 million in aggregate gross proceeds.
• The offering consists of up to 22,727,300 common shares priced at $1.10 per share, led by SCP Resource Finance LP.
• Net proceeds are designated for exploration at the Gold Chain project in Arizona and for general corporate and working capital purposes.

Key Details

• Offering Size: Upsized to up to $25,000,030 in aggregate gross proceeds (increased from $20,000,090).
• Shares Issued: Up to 22,727,300 common shares.
• Issue Price: $1.10 per share.
• Lead Agent: SCP Resource Finance LP, acting on behalf of a syndicate of agents.
• Use of Proceeds: Exploration at the Gold Chain project (Arizona) and general corporate/working capital purposes.
• Commission Structure:
  • Standard cash commission: 5% of gross proceeds.
  • Reduced cash commission: 2% for shares sold to purchasers on the company president's list.
  • Agents may elect to receive up to 50% of their cash commission in shares at the issue price.
• Warrant Terms:
  • Broker warrants issued equal to 5% of shares sold.
  • No broker warrants issued for shares sold to purchasers on the president's list.
  • Exercisable to purchase one share at the issue price ($1.10).
  • Term: Two years from the closing date.
• Closing Date: Scheduled for on or about February 17, 2026, or as agreed upon by the company and lead agent.
• Regulatory Status: Subject to approval of the TSX Venture Exchange and applicable securities regulatory authorities.
• Hold Period: Securities issued are subject to a statutory hold period of four months and one day from the date of issuance.
• Insider Participation: Certain officers and directors may participate in the offering.