Deal offers two types of unit, funds exploration and working capital
By Devika Patel
Knoxville, Tenn., Sept. 7 - WestKam Gold Corp. said it plans a C$1.76 million non-brokered private placement of units.
The company will sell 5 million units of one common share and one warrant at C$0.15 per unit and 6.75 million flow-through units of one flow-through common share and one warrant at C$0.15 per unit.
Each warrant is exercisable at C$0.30 for two years. The strike price reflects a 100% premium to the Sept. 6 closing share price of C$0.15.
Proceeds will be used for a multi-faceted exploration program on the Bonaparte Gold Project and general working capital.
WestKam is a natural resource and gold explorer in Vancouver, B.C.
Issuer: | WestKam Gold Corp.
|
Issue: | Units of one common share and one warrant, flow-through units of one flow-through common share and one warrant
|
Amount: | C$1,762,500
|
Price: | C$0.15
|
Warrants: | One warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.30
|
Agent: | Non-brokered
|
Pricing date: | Sept. 7
|
Stock symbol: | TSX Venture: WKG
|
Stock price: | C$0.15 at close Sept. 6
|
Market capitalization: | C$4.43 million
|
|
Units
|
Amount: | C$750,000
|
Units: | 5 million
|
|
Flow-through units
|
Amount: | C$1,012,500
|
Units: | 6.75 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.