00:14:00 EST Tue 24 Feb 2026
Enter Symbol
or Name
USA
CA



Walker Lane Resources Ltd
Symbol WLR
Shares Issued 20,296,591
Close 2026-02-23 C$ 0.125
Market Cap C$ 2,537,074
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Walker Lane arranges $390,000 private placement

2026-02-23 17:30 ET - News Release

Mr. Kevin Brewer reports

WALKER LANE RESOURCES LTD. ANNOUNCES TERMS OF PRIVATE PLACEMENT UNITS TO RAISE C$390,000

Walker Lane Resources Ltd. has amended the terms to its proposed non-brokered private placement. The proposed terms are to sell flow-through units of the company at a price of 14 cents per FT unit and for gross proceeds of $140,000 and non-flow-through units of the company at a price of 12.5 cents per unit for gross proceeds of $250,000. The aggregate gross proceeds will be $390,000 and may be increased. A new corporate presentation has been placed in the company website and interested participants are encouraged to contact the company president and chief executive officer -- Kevin Brewer for further information.

Each FT unit will consist of one common share of the company to be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one transferrable non-flow-through share purchase warrant. Each unit will consist of one common share of the company and one warrant. Each whole warrant will entitle the holder thereof to acquire one non-flow-through common share of the company at a price of 16 cents per warrant share for a period of 24 months from the closing date of the offering.

Kevin Brewer, president and chief executive officer, notes: "This is an important first step to initiating predevelopment activities at our Silver Hart project. These funds will be used, in part, to conduct the metallurgical testing and sorting tests on a composite sample previously collected from Silver Hart. After detailed discussions with metallurgical/ore sorter technology companies, we are confident that the mineralization at Silver Hart is very conducive to density-based ore sorting and can result in successful recovery rates. These tests should be concluded in the next quarter and our plan is then to raise additional funds to undertake detailed drilling of the first proposed open pit along with commencement of engineering and environmental studies to prepare Silver Hart for eventual production. This summer we also hope to initiate drilling at our Amy project."

Proceeds from the sale of FT shares to eligible investors in Canada will be used to incur Canadian exploration expenses and flow-through mining expenditures as these terms are defined in the Income Tax Act (Canada). Such proceeds will be renounced to the subscribers with an effective date not later than Dec. 31, 2026, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of FT shares.

The net proceeds from the sale of FT units will be used to finance the company's exploration program at its Amy and Silver Hart properties in the Rancheria silver district (Yukon/British Columbia) and the net proceeds from the sale of NFT units will be used for general working capital.

The company may pay finders' fees comprising cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. The terms of the finders' warrants will be the same as the warrants distributed in the FT units and the NFT units. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Closing is subject to customary closing conditions including, but not limited to, the negotiation and execution of subscription agreements and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

All securities issued pursuant to the Placement will be subject to a four-month-and-one-day hold period under Canadian securities laws. Completion of the private placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX-V.

About Walker Lane Resources Ltd.

Walker Lane Resources is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane gold trend district in Nevada and the Rancheria silver district in Yukon/British Columbia and other property assets in Yukon. The company intends to initiate an aggressive exploration program to advance its projects through drilling programs with the aim of achieving resource definition in the near future.

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