VANCOUVER,
March 14, 2012 /PRNewswire/ - Wesgold
Minerals Inc. (TSX-V: WSG) announces that it has arranged a bridge
loan of US$1.5 million to provide it
with the funds necessary to make an upcoming payment whereby the
Company will acquire an 11% interest in the Cordoba Property,
Colombia.
The loan is repayable within 90 days and is
non-interest bearing. In consideration for the loan, the
Company has agreed, subject to stock exchange approval, to issue to
the lender 400,000 common shares of the Company.
About Wesgold Minerals
Wesgold Minerals Inc. is a Vancouver-based mineral exploration company
focused on the acquisition and exploration of gold and copper
projects in Colombia. Wesgold
recently optioned from Minatura the Cordoba property, covering
25,790 hectares in the Department of Cordoba, Colombia, 200km north of the city of
Medellin.
ON BEHALF OF THE BOARD
"Simon Ridgway"
Simon Ridgway, Chairman of the
Board
Neither the TSX Venture Exchange nor the
Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy
or accuracy of this news release.
SOURCE Wesgold Minerals Inc.