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Western Gold Exploration Ltd. ( (TSE:WGLD) ) just unveiled an announcement.
Western Gold Exploration Ltd. has announced a non-brokered private placement of up to 14,814,815 common shares at CAD$0.135 per share, aiming to raise up to CAD$2,000,000. The proceeds will be used for exploration drilling programs and general administrative expenses, pending approval from the TSX Venture Exchange. This move is expected to support the company’s ongoing exploration efforts in Scotland, enhancing its operational capabilities and potentially strengthening its market position.
More about Western Gold Exploration Ltd.
Western Gold Exploration Ltd. is a mineral exploration company listed on the TSX Venture Exchange under the symbol ‘WGLD’. The company focuses on exploring mineral properties in Scotland, particularly in the underexplored Caledonian Appalachian region, and aims to discover gold and critical metal deposits. Its projects include the Caledonian Gold Project and the Lorne Project, which encompasses the Lagalochan copper gold porphyry property in Argyll, Scotland.
Average Trading Volume: 17,499
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$4.05M
For an in-depth examination of WGLD stock, go to TipRanks’ Overview page.