Business
Westmount Closes $250,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 15, 2023) - Westmount Minerals Corp.  ...
About this update from Westmount Minerals Corp.
[{"type":"text","content":"Westmount Closes $250,000 Private PlacementVancouver, British Columbia--(Newsfile Corp. - June 15, 2023) - Westmount Minerals Corp. (CSE: WMC) (\"Westmount\" or the \"Company\") is pleased to announce the closing of its non-brokered, private placement financing of $250,000 priced at $0.05 per Unit. 5,000,000 Share Units have been issued, with each Unit consisting of one common share and one share purchase warrant. Each warrant is exercisable into one common share for a period of 24 months at an exercise price of $0.075 for the first year and $0.10 for the second year.Finders' fees of $11,125 and Finders' warrants of 222,500 have been paid. Each Finders' warrant is exercisable into one common share for a period of 24 months at an exercise price of $.075 per share. The shares are subject to a four month hold period which expires in October 2023. Proceeds from the financing shall be used for exploration activities on Westmount's Ontario lithium and critical minerals projects as well as working capital and general corporate activities. About Westmount Minerals Corp.Westmount is focused on mineral exploration in the Americas and is well positioned in the emerging world-class critical minerals district of NW Ontario. The 3,486 hectares, Kaba lithium property, is located in the Georgia Lake, lithium-pegmatite region in close proximity to Rock Tech Lithium Inc. Multiple pegmatite showings have been documented and mapped on the Property by the Ontario Geological Survey. Additionally, Westmount can earn a 100% interest in the 5,002-hectare lithium-pegmatite bearing, Otatakan and Pilot East Lithium properties located near Ear Falls, Ontario. The properties are just south of Green Technologies' expanding Root deposit. The Company has advanced the Douay East gold property located within the greater Abitibi Greenstone Belt region in Quebec to the drill-ready stage. On Behalf of the Board of DirectorsDavid TafelChief Executive Officer and DirectorFor further information, please contact:David TafelChief Executive Officer and Director(604) 683-1991Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statements:This news release includes certain forward-looking statements ...