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WestKam Gold ( (TSE:WKG) ) has provided an announcement.
WestKam Gold Corp. has upsized its previously announced non-brokered private placement from $300,000 to up to $500,000 in response to strong investor interest, and now plans to issue up to 7,142,857 units at $0.07 per unit, each comprising one common share and a three-year warrant exercisable at $0.10. The company intends to use the proceeds to pay outstanding trade payables, professional and transfer agent fees, and to bolster general working capital, with the financing subject to customary securities law exemptions, a four-month-plus-one-day hold period, possible finder’s fees, and final approval from the TSX Venture Exchange, underscoring its ongoing effort to stabilize its balance sheet and fund operations.
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: 35,727
Technical Sentiment Signal: Hold
Current Market Cap: C$2.02M
Find detailed analytics on WKG stock on TipRanks’ Stock Analysis page.