Westhaven Announces $2,300,000 Non-Brokered Private Placement
Summary
VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) Westhaven Gold Corp. (TSX-V: WHN) is pleased to announce that it has arranged to issue, on a non-brokered private placement basis, up to 10,000,000 million flow-through (FT) common shares of the Company at a price of $0.23 per FT share for gross proceeds of up to $2,300,000. The Company will renounce these expenses to the purchasers with an effective date of no later than December 31, 2024.Existing directors and officers of Westhaven may choose to participate in the private placement. Participation of insiders of the company in the private placement constitutes a related-party transaction as defined under Multilateral Instrument 61-101. Westhaven controls 37,000 hectares (370 square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration.