Mr. Peter Laipnieks reports
WESTKAM GOLD CORP. ANNOUNCES PRIVATE PLACEMENT
Westkam Gold Corp. has arranged a non-brokered private placement to raise up to $60,000 through the sale of up to 800,000 units at 7.5 cents per unit and up to $100,000 through the sale of up to one million flow-through units at a price of 10 cents per FT unit. Each unit will consist of one common share and one common share purchase warrant exercisable at 10 cents for a period of two years following the close of the offering. Each FT unit will consist of one flow-through common share and one common share purchase warrant exercisable at 15 cents for a period of two years following the close of the offering.
Proceeds arising from the sale of the FT units will be utilized for exploration on the Will property, and proceeds arising from the sale of the units will be utilized for unallocated working capital.
About
Westkam Gold Corp.
Westkam Gold is focused on acquiring and developing gold and silver properties with strong potential to host significant resources in Western Canada. The company recently added the Will claim, located in the Goldbridge mining district, near the former Pioneer and Bralorne mines. The company continues to seek additional projects that are in established mining districts with highly prospective geology.
We seek Safe Harbor.
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