WestKam Gold Corp. Announces Private Placement
February 27 2020 - 7:41PM
WestKam Gold Corp. (TSX-V: WKG) (the
“
Company” or
“WestKam”),
announces that it intends to raise up to $250,000 by way of
non-brokered private placement of up to 2,500,000 units at a price
of $0.10/unit. Each unit consists of one common share and one
common share purchase warrant exercisable at $0.20 per warrant
share for a period of three years following the close of the
offering. The Company may pay a finder’s fee of cash, shares and/or
warrants to eligible finders as permitted under applicable
securities laws and TSX Venture Exchange policies. Proceeds from
this offering will be used for general corporate purposes.
About WestKam Gold Corp.
WestKam is a Canadian gold exploration company focused on
developing the Bonaparte Gold Project near Kamloops, British
Columbia. Additional information can be found on the Company’s
website at www.westkamgold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Matt Wayrynen”
Matthew J.
Wayrynen, President & CEO
Contact: |
Investor Relationsir@westkamgold.comwww.westkamgold.com |
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-looking informationAll
statements included in this press release that address activities,
events or developments that the Company expects, believes or
anticipates will or may occur in the future are forward-looking
statements. In particular, this news release contains
forward-looking information regarding the Offering and the use of
proceeds of the Offering. These forward-looking statements involve
numerous assumptions made by the Company based on its experience,
perception of historical trends, current conditions, expected
future developments and other factors it believes are appropriate
in the circumstances. These assumptions include, but are not
limited to: TSXV acceptance of the Offering; future costs and
expenses being based on historical costs and expenses, adjusted for
inflation; and market demand for, and market acceptance of, the
Offering. In addition, these statements involve substantial
known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other
forward-looking statements will prove inaccurate, certain of which
are beyond the Company’s control. Readers should not place undue
reliance on forward-looking statements. Except as required by law,
the Company does not intend to revise or update these
forward-looking statements after the date hereof or revise them to
reflect the occurrence of future unanticipated events.
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