WestKam Gold Announces Private Placement
25 Juni 2014 - 2:00PM
Marketwired
WestKam Gold Announces Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 25, 2014) -
WestKam Gold Corp. (TSX-VENTURE:WKG) (the "Company") is pleased to
announce a non-brokered private placement consisting of up to
9,500,000 units for aggregate proceeds of up to $500,000. The
Company will offer up to 2,500,000 flow-through units at $0.06 per
flow-through unit and up to 7,000,000 units at $0.05 per unit. The
flow-through units will be offered at $0.06 and consist of one
flow-through common share and one common share purchase warrant
exercisable to acquire one common share of the Issuer at an
exercise price of $0.07 per share in years one and two following
the date of Closing, and at an exercise price of $0.10 per share in
years three through five following the date of Closing. The units
will be offered at $0.05 and consist of one common share and one
common share purchase warrant exercisable to acquire one common
share of the Issuer at an exercise price of $0.05 per share in
years one and two following the date of Closing, and at an exercise
price of $0.10 per share in years three through five following the
date of Closing.
Proceeds arising from the sale of the units will be used for
general working capital. Proceeds arising from the sale of the
flow-through units will be used for a summer 2014 exploration
program on the Bonaparte Gold Project. The proposed 2014 field
program has been designed to follow up exploration in 2013 which
extended both of Bonaparte's key targets and will include mapping
and prospecting, 3D IP and magnetic geophysical surveys and soil
geochemistry. Rick Kemp, PGeo, is the qualified person for the
Bonaparte Gold Project as that term is defined in NI 43-101.
About WestKam Gold Corp.
WestKam Gold Corp. 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, President
Forward looking statements: Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This
release contains statements that are forward looking statements and
are subject to various risks and uncertainties concerning the
specific factors disclosed under the heading "Risk Factors" and
elsewhere in the Company's periodic filings with Canadian
securities regulators. Such information contained herein represents
management's best judgment as of the date hereof based on
information currently available. The Company does not assume the
obligation to update any forward looking statements.
WestKam Gold Corp.John UlmerInvestor
Relations778.994.6453www.westkamgold.com
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