WestKam Gold Corp. has announced a non-brokered private placement aiming to raise up to $250,000 through the sale of up to 3,571,428 units. Each unit, priced at $0.07, includes one common share and one common share purchase warrant, which is exercisable at $0.10 for two years from the offering's close. The funds raised will be allocated for exploration on the Will Property and for unallocated working capital. The offering is subject to regulatory approvals, including from the TSX Venture Exchange, and any issued securities will be under a hold period of four months and one day from issuance.
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