Westward Gold Inc ( (TSE:WG) ) has shared an announcement.
Westward Gold Inc. has announced a non-brokered private placement financing, aiming to raise up to C$2,600,000 through the issuance of 32,500,000 units. Crescat Capital LLC has committed to a lead order of $1,000,000, with an option to increase its participation. The funds will primarily support drilling at the Toiyabe Hills Property in Nevada and general working capital. The offering is subject to regulatory approvals and will not create a new control person in the company.
More about Westward Gold Inc
Westward Gold Inc. is a mineral exploration company focused on developing the Toiyabe Hills Project in the Cortez Hills area of Lander County, Nevada, and the Coyote and Rossi Projects along the Carlin Trend in Elko County, Nevada. The company occasionally evaluates other mineral exploration assets and opportunities.
YTD Price Performance: 12.50%
Average Trading Volume: 106,793
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$11.85M
For an in-depth examination of WG stock, go to TipRanks’ Stock Analysis page.