Business
WestGold Metals Announces Non-Brokered Private Placement for Gross Proceeds of up to C$2 Million
(via TheNewswire) Vancouver, British Columbia – May 20, 2026 - TheNewswire – WestGold Metals Corp. (“WestGold” or the “Company”) (CSE: WGM; OTCQB: WGMTF; FSE:
About this update from Westgold Metals Corp.
[{"type":"text","content":"\n \n(via TheNewswire)\n\n \n\n\n\n\n\n\n\n\n\nVancouver, British Columbia – May 20, 2026 - TheNewswire – WestGold Metals Corp. (“WestGold” or the “Company”) (CSE: WGM; OTCQB: WGMTF; FSE: V0U) is pleased to announce that it intends to conduct a non-brokered private placement (the “Offering”) through the issuance of up to 25,000,000 units (the “Units”) of the Company at a price of $0.08 per Unit for the gross proceeds of up to $2,000,000. \n\n\n\n\n\nEach Unit will consist of one common share in the capital of the Company and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of C$0.135 for a period of 36 months from the date of issuance.\n\n\n\n\n\nThe Offering follows a series of strategic initiatives undertaken by WestGold in 2026, including the appointment of a new leadership team, the Company’s name change from Nordique Resources Inc. to WestGold Metals Corp., and the recently announced option agreement to acquire a 90% interest in the Amie, Silver Rock and Demming precious and base metal exploration projects in Idaho, USA.\n\n\n\n\n\nThe Company intends to use the net proceeds of the Offering to advance its exploration and acquisition strategy, including planned work programs on the recently announced Idaho Portfolio.\n\n\n\n\n\nJames Hocking, Chief Executive Officer and Director of WestGold, commented:\n\n\n\n\n\n“This financing is designed to support the next phase of WestGold’s transformation. Since the beginning of the year, we have renewed the leadership team, repositioned the Company around North American precious metals exploration, and announced the proposed acquisition of the Idaho Portfolio. The proceeds of this Offering are intended to provide the working capital to advance priority technical work, progress the Idaho opportunity, and continue building a focused exploration company around assets with meaningful discovery potential.”\n\n\n\n\n\nThe Offering is expected to close in one or more tranches and remains subject to receipt of all necessary regulatory approvals, including acceptance by the Canadian Securities Exchange. All securities issued and issuable pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable C...