- Westward Gold (OTCQB:WGLIF) said on Wednesday that it intends to complete a non-brokered private placement of up to 12,500,000 units priced at C$0.08 per unit, for aggregate gross proceeds to the company of up to 1,000,000 Canadian dollars.
- Every unit will do this include one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of C$0.12 for a period of 24 months following the closing date of the offering.
- The net proceeds will be used primarily to fund advanced drill targeting efforts at the Company’s consolidated land package on the Cortez Trend and for general working capital purposes.
- WGLIF is +4.1% at $0.0583.
- Source: press release
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