- Westward Gold (OTCQB:WGLIF) on Wednesday said it intends to complete a non-brokered private placement of up to 12,500,000 units at a price of C$0.08 per unit, for aggregate gross proceeds to the company of up to C$1,000,000.
- Each unit will comprise one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of C$0.12 for a period of 24 months following the closing date of the offering.
- The net proceeds will be used primarily to fund advanced drill-targeting efforts at the company’s consolidated land package on the Cortez Trend and for general working capital purposes.
- WGLIF is +4.1% to $0.0583.
- Source: Press Release
