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The latest update is out from WestKam Gold ( (TSE:WKG) ).
WestKam Gold Corp. plans to raise up to $300,000 through a non-brokered private placement of up to 4,285,715 units priced at $0.07 each, with each unit comprising one common share and a three-year warrant exercisable at $0.10. The financing, which remains subject to regulatory and TSX Venture Exchange approval, is intended to cover outstanding trade payables and key corporate obligations such as legal, audit and transfer agent fees, as well as general working capital, underscoring the company’s focus on shoring up its balance sheet as it continues to pursue and develop mineral projects in Western Canada.
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, particularly in established mining districts with highly prospective geology.
Average Trading Volume: 33,945
Technical Sentiment Signal: Hold
Current Market Cap: C$2.02M
For detailed information about WKG stock, go to TipRanks’ Stock Analysis page.