WestKam Gold Corp. Announces up to $300,000 Non-Brokered Private Placement

Executive Summary

• WestKam Gold Corp. announces a proposed non‑brokered private placement of up to 4,285,715 units at $0.07 per unit, targeting gross proceeds of up to $300,000.
• Each unit consists of one common share and one common purchase warrant exercisable at $0.10 for three years.
• Proceeds will be used to pay outstanding trade payables, legal, audit and transfer‑agent fees, and for general working capital.

Key Details

• Offering Size: Up to 4,285,715 units (≈$300,000) on a non‑brokered basis.
• Unit Composition: 1 common share + 1 common purchase warrant per unit.
• Warrant Terms: Exercise price $0.10 per share; exercisable for three years from issuance.
• Price Per Unit: $0.07 (cash).
• Eligibility: Units offered to qualified purchasers under prospectus and registration exemptions.
• Use of Proceeds:
• Pay outstanding trade payables.
• Cover legal fees, audit fees, and transfer‑agent fees.
• General working capital.
• Hold Period: Securities subject to a hold period expiring four months and one day after issuance.
• Regulatory Conditions: Completion contingent on receipt of all required regulatory approvals, including TSX Venture Exchange (TSXV) approval.
• Finder’s Fee: Company may pay finder’s fees to eligible finders as permitted by securities laws and TSXV policies.

Notable Quotes

• “We are pleased to provide this financing opportunity which will strengthen our balance sheet and support ongoing operational activities.” – Peter Laipnieks, President & CEO.