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WestKam Gold (TSXV:WKR) has Announced a non-brokered Private Placement

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The company is looking to raise gross proceeds of up to $1 million from the placement of 8,333,333 priced at $0.12 per unit. The units consist of 1 share and 1 warrant, with each warrant exercisable at $0.20 for 60 months.

Additional Information:

Company: WestKam Gold
Website: http://www.WestKamGold.com
Stock Symbol: TSXV: WKR
Date Published: Sep 29, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

WestKam Gold has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $1 million from the placement of up to approximately 8.3 million units priced at $0.12 per unit.

The units consist of 1 share and 1 warrant, with each warrant exercisable at $0.20 for 60 months.

Proceeds will be used for general corporate purposes.

The shares are currently trading at $0.17.

WestKam, a Canadian gold exploration company, is focused on developing its 100% owned Bonaparte Gold Project, located 50 kilometers northwest of Kamloops, British Columbia.

First explored in the early 1980s, Bonaparte is a large 2,461 hectare property with many high-quality targets.

The property hosts a series of well-developed shear/fracture zones hosting near-surface quartz veins, which have produced high-grade intersections for gold in drilling, trenching and underground sampling.

The zones average two-to-three meters in thickness and appear to be located 12 to 15 meters apart within a larger regional structure.

A high-grade gold zone was confirmed previously through drilling and bulk sampling on the Discovery Zone.

Two bulk samples, completed in 1994 and 2010, averaged 26.5 grams per tonne and 16.28 grams per tonne gold respectively.

Exploration to date indicates the zones are open to expansion in at least three directions, and a larger target zone, located east of the original Discovery Zone, was identified in the 2015 drill program.

For more information, please visit the company’s website at www.WestKamGold.com, contact Matt Wayrynen, President and CEO, by email at ir@WestKamGold.com.

I’m Megan Edwards for Investmentpitch Media