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WESTERN GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
WESTERN GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT Canada NewsWire /...
About this update from Western Gold Exploration Ltd.
[{"type":"text","content":"\n \n \n \n WESTERN GOLD ANNOUNCES 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.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION OR DISSEMINATION IN\n \n THE UNITED STATES\n \n . FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAWS/\n \n \n TSX Venture: WGLD\n \n \n \n NORTH BERWICK, Scotland\n \n ,\n \n \n July 29, 2022\n \n \n /CNW/ -\n \n WESTERN\n \n \n GOLD EXPLORATION LTD.\n \n (TSX: WGLD) (the \"\n \n Company\n \n \") is pleased to announce that it intends to complete a non-brokered private placement of up to 6,666,666 equity units of the Company (\"\n \n Units\n \n \") at a price of\n \n CAD$0.15\n \n per Unit for gross proceeds of up to\n \n CAD$1,000,000\n \n (the \"\n \n Private Placement\n \n \"). The Company has the option to increase the size of the Private Placement by up to an additional 1,000,000 Units, for total gross proceeds of up to\n \n CAD$1,150,000\n \n .\n \n \n Each Unit will be comprised of one (1) common share of the Company and one-half of one (1/2) common share purchase warrant of the Company (a \"\n \n Warrant\n \n \"). Each whole Warrant will entitle the holder to acquire one (1) common share of the Company for a period of 12 months from the date of issuance of the Warrant, at an exercise price of\n \n CAD$0.25\n \n per share.\n \n \n The Private Placement is subject to the approval of the TSX Venture Exchange (the \"\n \n Exchange\n \n \"). The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws.\n \n \n The Company intends to use the proceeds from the Private Placement towards exploration drilling programs and related work on its mining properties and for general and administrative expenses.\n \n \n The Company may pay a commission or finder's fee to eligible parties in connection with the Private Placement, subject to the approval of the Exchange and complia...