West Point Gold arranges $20-million financing

Executive Summary

• West Point Gold Corp. has entered into an engagement letter with SCP Resource Finance LP to conduct a brokered private placement for up to $20 million.
• The offering involves the sale of up to 18,181,900 common shares at $1.10 per share, with net proceeds designated for exploration at the Gold Chain project in Arizona and general corporate/working capital purposes.
• The transaction includes specific commission structures for agents, broker warrants, and a scheduled closing date of approximately February 17, 2026, subject to regulatory approvals.

Key Details

• Offering Size: Up to 18,181,900 common shares.
• Issue Price: $1.10 per share.
• Gross Proceeds: Up to $20,000,090.
• Lead Agent: SCP Resource Finance LP, acting for a syndicate of agents.
• Use of Proceeds: Exploration at the Gold Chain project (Arizona) and general corporate and working capital purposes.
• Agent Compensation:
  • Cash commission of 5% of gross proceeds.
  • Reduced cash commission of 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.
• Broker Warrants:
  • Issued in an amount equal to 5% of shares sold.
  • No broker warrants issued for shares sold to purchasers on the president's list.
  • Each warrant is exercisable to purchase one share at $1.10 (the issue price).
  • Warrant term: Two years from the closing date.
• Closing Date: Scheduled on or about February 17, 2026, or as agreed 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.