11:40:00 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



West Oak Gold Corp
Symbol WO
Shares Issued 13,075,001
Close 2023-11-20 C$ 0.055
Market Cap C$ 719,125
Recent Sedar Documents

West Oak Gold arranges $320,500 private placement

2023-11-27 15:59 ET - News Release

Mr. Paul John reports

WEST OAK ANNOUNCES PRIVATE PLACEMENT OF UP TO C$320,500 AND UPCOMING CHANGES TO ITS BOARD

West Oak Gold Corp. has arranged a non-brokered private placement financing of up to 6.41 million units of the company at a price per unit of five cents for aggregate gross proceeds of up to approximately $320,500. Each Unit shall consist of one common share in the capital of the Company (a "Common Share") and one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall be exercisable to acquire one additional common share in the capital of the Company at an exercise price of C$0.05 for a term of three years from the date of issuance thereof.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), up to 3,206,250 Units issuable pursuant to the Offering (the "LIFE Offering") will be offered for sale to purchasers resident in each of the provinces of Canada (other than Quebec) and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The Company will issue the remaining Units under the Offering to purchasers in accordance with other prospectus exemptions available under NI 45-106. The securities issued under pursuant to the Listed Issuer Financing Exemption will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the LIFE Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.westoakgold.com. Prospective investors should read this offering document before making an investment decision.

The Company may engage one or more agents or finders in connection with the Offering and may pay such parties fees as may be agreed between the Company and such parties.

The Company intends to use the net proceeds of the Offering for general working capital and corporate expenses.

The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals and the submission of all required forms to the Canadian Securities Exchange.

Subject to, and concurrent with, the closing of the Offering, the Company anticipates that Paul Reynolds and Kevin Dodds will resign as directors, and that Morgan Good and Adrian Smith will be appointed to replace them as directors of the Company.

The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities referenced in this press release, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About West Oak

West Oak is focused on gold exploration in Canada. It is currently actively exploring the Hedge Hog gold project located 15km north of the town of Wells in the Caribou Mining Division of central British Columbia. Investors are encouraged to review West Oak's prospectus and the technical report for the Hedge Hog Property available at www.sedarplus.ca. Management and the board of directors of West Oak currently consists of Paul John (Chief Executive Officer and director), Paul Reynolds (director), Kevin Dodds (director) and Robert Doyle (Chief Financial Officer).

We seek Safe Harbor.

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