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The latest update is out from Western Gold Exploration Ltd. ( (TSE:WGLD) ).
Western Gold Exploration Ltd. has announced an increase in the size of its non-brokered private placement, now aiming to raise up to CAD$2,300,000 through the issuance of 17,037,038 common shares at CAD$0.135 per share. The proceeds will be used for exploration drilling programs and general administrative expenses, with the private placement subject to TSX Venture Exchange approval. This move is expected to bolster the company’s exploration efforts in Scotland, potentially enhancing its market position and providing new opportunities for stakeholders.
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, to identify gold and critical metal deposits. Its projects include the Caledonian Gold Project and the Lorne Project, which encompasses the Lagalochan copper gold porphyry property. The company has also entered into a joint venture with Acrux Gold Limited to explore for gold, silver, and critical minerals in central Scotland.
Average Trading Volume: 19,068
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$4.05M
See more insights into WGLD stock on TipRanks’ Stock Analysis page.