Western Gold Eyes Expansion with Private Placement

Western Gold Exploration Ltd. (TSE:WGLD) has released an update.

Western Gold Exploration Ltd. is set to raise up to CAD$1.25 million through a non-brokered private placement of up to 17,857,143 common shares, priced at CAD$0.07 each. The proceeds are earmarked for geophysics testing on new exploration targets and general administrative costs, contingent on regulatory approval. The company is actively engaged in exploring mineral properties in Scotland, with a focus on the Lorne Project’s Lagalochan copper-gold property.

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