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The latest announcement is out from Wescan Goldfields ( (TSE:WGF) ).
Wescan Goldfields Inc. has closed a fully subscribed, non-brokered private placement, raising $600,000 through the issuance of 12 million units priced at $0.05 each, with each unit comprising one common share and one warrant exercisable at $0.10 for 24 months. The funds will be used to update the mineral resource estimate for the Jojay Project, review technical information on the historic Jasper Mine and Munro Lake Project to support permitting and planning of 2026 exploration programs, and for general working capital, underscoring the company’s efforts to advance its exploration pipeline and strengthen its operational footing within the mineral exploration sector, subject to final TSX Venture Exchange acceptance.
More about Wescan Goldfields
Wescan Goldfields Inc. is a Canadian-based mining company focused on the acquisition, exploration and development of mineral properties, with its common shares listed on the TSX Venture Exchange under the symbol WGF.
Average Trading Volume: 81,656
Technical Sentiment Signal: Buy
Current Market Cap: C$10.74M
For detailed information about WGF stock, go to TipRanks’ Stock Analysis page.