WestKam Gold Corp. Announces Shares for Debt Settlements and Grant of Options

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WestKam Gold Corp. Announces Shares for Debt Settlements and Grant of Options Vancouver, BC, Canada, Feb. 19, 2026 (GLOBE NEWSWIRE) -- WestKam Gold Corp. (TSXV:WKG) (the “Company” or “WestKam”) announces that it has negotiated debt settlements with arm’s length and non-arm’s length creditors.  Pursuant to the debt settlements, and subject to acceptance by the TSX Venture Exchange (the “TSXV”), the Company proposes to settle aggregate debt of $260,000 in consideration for which it will issue an aggregate of 2,476,189 common shares at a deemed price of $0.105 per share.  Any shares issued in relation to these debt settlements arrangements will be subject to a hold period expiring four months and one day from their date of issuance.Directors and officers of the Company are participating in the debt settlements and will receive an aggregate of 2,333,332 shares in consideration for the settlement of an aggregate $245,000 debt.  Participation by the directors and officers will constitute a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).  Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on any of the exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the fair market value of the securities to be distributed to the directors and officers is not expected to exceed 25% of the Company's market capitalization. The Company also announces that pursuant to its 10% rolling stock option plan, it has granted incentive stock options to its directors, officers and certain consultants of the Company to purchase up to an aggregate of 1,500,000 common shares of the Company.  The options are exercisable for a period of 5 years at a price of $0.105 per share.  The options and any shares issuable thereunder are subject to a TSXV hold period expiring June 20, 2026. About WestKam WestKam Gold Corp. is focused on acquiring and developing mineral properties, with strong potential to host significant resources, in Western Canada. We are looking for additional projects that are in an es...

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