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WESTERN ALASKA MINERALS ANNOUNCES C$5 MILLION NON-BROKERED PRIVATE PLACEMENT
WESTERN ALASKA MINERALS ANNOUNCES C$5 MILLION NON-BROKERED PRIVATE PLACEMENT Ca...
About this update from Alaska Silver Corp
[{"type":"text","content":"\n \n \n \n WESTERN ALASKA MINERALS ANNOUNCES C$5 MILLION NON-BROKERED PRIVATE PLACEMENT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n C$5 million\n \n private placement financing to fund 2022 exploration program\n \n \n \n \n \n \n TUCSON, Ariz.\n \n \n ,\n \n \n April 5, 2022\n \n \n /CNW/ -\n \n April 5, 2022\n \n -\n \n Western Alaska Minerals\n \n (the \"Company\" or \"WAM\") (TSXV: \"WAM\") is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to\n \n C$5,004,000\n \n (the \"\n \n Offering\n \n \") through the sale of up to 4,170,000 common shares (each a \"\n \n Share\n \n \") at\n \n C$1.20\n \n per Share. The Offering is not subject to any minimum aggregate subscription.\n \n \n \n \n \n \n \n \n \n The gross proceeds of the Offering will be used to fund the Company's 2022 exploration program which includes a +6,000 meter drill program anticipated to re-start in mid-May and continue through early September. The program is expandable based on success thru mid-October. The core focus will be on step out drilling of the Waterpump Creek CRD system to gauge the overall footprint of the bonanza Ag-Zn-Pb mineralization encountered in 2021.\n \n \n The Offering is made to accredited investors within the meaning of National Instrument 45-106 and the completion of the Offering is subject to the receipt of acceptance by the TSX Venture Exchange (the \"\n \n Exchange\n \n \").  All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months plus one day from the Closing.  Finders' fees may be payable in connection with the sale of the Shares in accordance with the policies of the Exchange.\n \n \n This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in\n \n the United States\n \n . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. S...