Walker Lane Resources Ltd. Announces Terms of Private Placement Units to Raise C$390,000

Executive Summary

• Walker Lane Resources Ltd. announced the terms of a proposed non‑brokered private placement to raise up to C$390,000 through flow‑through (FT) units and non‑flow‑through (NFT) units.
• Proceeds are earmarked for metallurgical testing at the Silver Hart Project, exploration work on the Amy and Silver Hart properties, and general working capital.
• The offering includes common shares paired with warrants; FT Units contain a flow‑through share plus half a warrant, while NFT Units contain a common share and a full warrant exercisable at C$0.16 for 24 months.

Key Details

• Offering Size: Aggregate gross proceeds of C$390,000 (C$140,000 from FT Units @ C$0.14 each; C$250,000 from NFT Units @ C$0.125 each).
• Unit Structure:
• FT Unit: 1 common share (flow‑through) + ½ transferable non‑flow‑through warrant.
• NFT Unit: 1 common share + 1 full warrant.
• Warrant Terms: Each whole warrant allows purchase of one common share at C$0.16 per share for a period of 24 months from the closing date.
• Use of Proceeds:
• FT proceeds → Canadian exploration expenses and flow‑through mining expenditures (renounced to eligible investors by Dec 31 2026).
• Net FT proceeds → Exploration program at Amy and Silver Hart properties (Rancheria Silver District, Yukon/BC).
• Net NFT proceeds → General working capital.
• Planned Activities: Metallurgical testing and density‑based ore sorting on a composite sample from Silver Hart; anticipated completion next quarter; subsequent fundraising for drilling the first open pit, engineering, and environmental studies; summer drilling at Amy project.
• Finder’s Fees: May be paid in cash and non‑transferable warrants identical to those issued in the units.
• Holding Period: All securities subject to a four‑month‑plus‑one‑day hold period under Canadian securities law.
• Closing Conditions: Subject to customary conditions, including subscription agreements, regulatory approvals, and TSX Venture Exchange approval.

Notable Quotes

“This is an important first step to initiating pre‑development activities at our Silver Hart Project… These funds will be used, in part, to conduct the metallurgical testing and sorting tests on a composite sample previously collected from Silver Hart.” – Kevin Brewer, President & CEO

Materiality Assessment: Material – Positive (the financing provides essential capital for upcoming exploration and development activities.)