Winshear Closes Oversubscribed Private Placement

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[{"type":"text","content":"Winshear Closes Oversubscribed Private Placement\n\n\n\n VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) --\n \n Winshear\n \n\n Gold\n \n\n Corp.\n \n\n (TSXV:\n \n\n WINS)\n \n (“Winshear” or the “Company”) is pleased to announce that it closed a non-brokered private placement (the “Offering”) of 12,633,333 Units for gross proceeds of $757,999.98. Each Unit comprises one common share (a “Share”) and one half of one Share purchase warrant (a “Warrant”), with each full Warrant providing the holder with the right to purchase one Share at a price of\n \n\n $0.12 for a period of 24 months from the closing date of the financing up to and including June 24, 2027.\n \n\n Finder fees of $25,680 cash and 339,000 Warrants were paid on certain subscriptions. (Such compensation Warrants have the same terms and conditions as the Warrants issued to subscribers but are non- transferable). All securities issued as part of this private placement will be subject to a hold period which expires on October 25, 2025.\n \n\n Proceeds from the Offering will be used to fund exploration of the Company’s Thunder Bay Gold Project (the “Project”) and for general working capital. The acquisition of the Project remains under review by the TSX Venture Exchange (“TSXV”) and is subject to final TSXV acceptance; all subscribers of the Offering have, in writing, acknowledged such fact and consented to the closing of the Offering before such final acceptance has been granted for the Project.\n \n\n Certain Winshear directors and officers purchased a total of 1,100,000 Units in the Offering; their participation may be considered a “related party transaction” under Multilateral Instrument 61-101, but pursuant to sections 5.5(a) and 5.7(1)(a) of the Instrument, the transaction is exempt from the valuation and shareholder exemption requirements contained in the same.\n \n\n\n About\n \n\n Winshear\n \n\n Gold\n \n\n Corp.\n \n\n\n Winshear Gold Corp. is a Canadian-based minerals exploration company. For more information, please contact Irene Dorsman at +1 (604) 200-7874 or visit\n \n www.winshear.com\n \n\n\n\n ON\n \n\n BEHALF\n \n\n OF\n \n\n THE\n \n\n BOARD\n \n\n OF\n \n\n DIRECTORS\n \n\n\n\n “Richard\n \n\n D.\n \n\n Williams...

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