Business
West Point Gold Announces Upsize of Brokered Private Placement for Up To $25 Million
Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce that it has increased the size of its previously announced "commercially reasonable efforts" private placement from aggregate gross proceeds of up to C$20,000,090 to up to C$25,000,030 including up to 22,727,300 common shares (the "Shares") at an issue price of C$1.10 per Share (the "Offering"), with SCP...
About this update from West Point Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce that it has increased the size of its previously announced "commercially reasonable efforts" private placement from aggregate gross proceeds of up to C$20,000,090 to up to C$25,000,030 including up to 22,727,300 common shares (the "Shares") at an issue price of C$1.10 per Share (the "Offering"), with SCP Resource Finance LP ("SCP" or "Lead Agent") acting as Lead Agent for the Company, on behalf of a syndicate of agents (collectively with SCP, the "Agents").","length":729,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of the Offering for exploration at the Gold Chain Project in Arizona, USA and for general corporate and working capital purposes.","length":173,"tagName":"p"},{"type":"text","content":"As consideration for its services, the Agents will receive a cash commission of 5% of the gross proceeds of the Offering, provided that Shares sold to purchasers on the Company President's List will be subject to a reduced cash commission of 2%. The Agents may elect to receive up to 50% of their cash commission in Shares at the issue price. In addition, the Agents will receive broker warrants in an amount equal to 5% of Shares sold, provided that no broker warrants will be issued for any Shares sold to purchasers on the President's List. Each broker warrant issued will be exercisable to purchase one Share at the Issue Price for a period of two years from the closing date of the Offering.","length":704,"tagName":"p"},{"type":"text","content":"The closing date of the Offering is scheduled to be on or about February 17, 2026, or such other date or dates as the Company and the Lead Agent may agree. The Offering remains subject to the approval of the TSX Venture Exchange and applicable securities regulatory authorities. Certain officers and directors of the Company may participate in the Offering. Any securities issued under the Offering will be subject to a statutory hold period of four months and one day from the date of issuance.","length":495,"tagName":"p"},{"type":"text","content":"This news release does not constitute an offe...