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Westward Gold Announces $5M Non-Brokered Private Placement Financing, with $2.5M Lead Order from New Cornerstone Investor & $1M from Current Strategic Investor Crescat Capital LLC
Vancouver, British Columbia, September 23, 2025 – TheNewswire - Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50) (“Westward” or the “Company”) is pleased t
About this update from Westward Gold Inc
[{"type":"text","content":"Vancouver, British Columbia, September 23, 2025 – TheNewswire - Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50) (“Westward” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement (the “Offering”) of up to 45,454,545 units (each, a “Unit”) at a price of C$0.11 per Unit (the “Offering Price”), for aggregate gross proceeds to the Company of approximately C$5,000,000. Each Unit will be comprised of one common share of the Company (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company at a price of C$0.15 for a period of 24 months following the closing date of the Offering. The Company is also pleased to welcome its newest major shareholder, Concept Capital Management Ltd. (“Concept Capital”), who will be subscribing for 22,727,272 Units for gross proceeds of approximately $2,500,000. Additionally, existing strategic shareholder Crescat Capital LLC (“Crescat”) will be subscribing for 9,090,909 Units for gross proceeds of approximately $1,000,000. The net proceeds from the Offering will be used primarily for (i) an expanded drilling program at Westward’s flagship Toiyabe Hills Property in Nevada, where a 5,000-meter program across up to 10 holes is already underway testing the Company’s Campfire Target Complex (see press releases dated July 8, August 11, and September 18, 2025, for additional information), and (ii) general working capital purposes. Closing of the Offering is subject to receipt of all necessary regulatory approvals, including from the Canadian Securities Exchange (the “CSE”). The Common Shares and Warrants issued in relation to the Offering will be subject to a hold period of four months and one day, in accordance with applicable securities laws. In connection with the Offering, the Company expects to pay finder’s fees up to 6% of the gross proceeds of the Offering, which may be paid in Units issued at the Offering Price, and to issue finder’s warrants up to 6% of the number of Units issued in the Offering, which will be exercisable at a price of $0.13 per Common Share for a period of 24 months. Andrew Nelson, Westward CFO, commented: “We’re thrilled to welcome Concept Capital as a new cornerstone investor in Westward, at an important inflection point...