Westhaven Completes Initial Fundraising for Exploration

Westhaven Ventures (TSE:WHN) has released an update.

Westhaven Gold Corp. has successfully completed the first tranche of its non-brokered flow-through private placement, raising $1.59 million through the issuance of over 6.9 million common shares. The raised funds are earmarked for exploration expenses on the company’s Shovelnose gold property in British Columbia, with plans to resume drilling within the next week. Although subject to final TSX Venture Exchange approval, the placement has already paid out $93,499 in finders’ fees, with all securities issued under a hold period until July 11, 2024.

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