13:16:36 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Westmount Minerals Corp
Symbol WMC
Shares Issued 18,834,001
Close 2023-05-19 C$ 0.06
Market Cap C$ 1,130,040
Recent Sedar Documents

Westmount arranges $250,000 private placement

2023-06-09 11:01 ET - News Release

Mr. David Tafel reports

WESTMOUNT ANNOUNCES FULLY SUBSCRIBED PRIVATE PLACEMENT

Westmount Minerals Corp. has arranged a fully subscribed, non-brokered private placement financing of $250,000 priced at five cents per unit. Each unit will consist of one common share and one share purchase warrant, with each warrant exercisable into a common share for a period of 24 months at an exercise price of 7.5 cents for the first year and 10 cents for the second year following the closing date.

Proceeds from the financing shall be used for exploration activities on Westmount's Ontario lithium projects as well as working capital and general corporate activities. Initial exploration focus will be on Westmount's recently acquired Kaba lithium project, located in the Georgia Lake area of Northwestern Ontario. Closing will be subject to the Canadian Securities Exchange (CSE) approval, and any shares issued will be subject to a four-month hold period.

About Westmount Minerals Corp.

Westmount is focused on mineral exploration in the Americas and is well positioned in the emerging world-class critical minerals district of Northwestern Ontario. Its 3,486-hectare Kaba lithium property is located in the Georgia Lake lithium-pegmatite region in close proximity to Rock Tech Lithium Inc. Multiple pegmatite showings have been documented and mapped on the property by the Ontario Geological survey. Additionally, Westmount can earn a 100-per-cent interest in the 5,002-hectare lithium-pegmatite-bearing Otatakan and Pilot East lithium properties located near Ear Falls, Ont. The properties are just south of Green Technologies' expanding Root deposit.

The company has advanced the Douay East gold property located within the greater Abitibi greenstone belt region in Quebec to the drill-ready stage.

We seek Safe Harbor.

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