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WestKam Gold ( (TSE:WKG) ) has shared an update.
WestKam Gold Corp. has closed an over-subscribed non-brokered private placement, issuing 7,142,858 units for gross proceeds of about $500,000 and paying $7,560 in finder’s fees, with all securities subject to a hold period expiring June 11, 2026. A director and officer participated by purchasing 494,715 units, a related-party transaction deemed exempt from formal valuation and minority shareholder approval requirements under Canadian securities rules, underscoring regulatory compliance while modestly strengthening the company’s capital position for its Western Canada exploration strategy.
More about WestKam Gold
WestKam Gold Corp. is a Vancouver-based mineral exploration company focused on acquiring and developing properties with strong potential to host significant resources in Western Canada. The company seeks additional projects in established mining districts with highly prospective geology that can support meaningful resource growth and long-term development potential.
Average Trading Volume: 54,353
Technical Sentiment Signal: Buy
Current Market Cap: C$2.91M
For detailed information about WKG stock, go to TipRanks’ Stock Analysis page.