Westmount Minerals Announces Private Placement of Common Shares
Summary
Vancouver, British Columbia--(Newsfile Corp. - February 7, 2025) - Westmount Minerals Corp. (CSE: WMC) ("Westmount" or the "Company") is pleased to announce a non-brokered private placement financing (the "Offering") of up to 25,000,000 common shares of the Company ("Common Shares") at a price of C$0.01 per Common Share for aggregate gross proceeds of up to C$250,000. The Common Shares sold pursuant to the Offering will be subject to a four month hold period pursuant to securities laws in Canada.The Company intends to use the net proceeds of the Offering for general working capital and corporate expenses.The closing of the Offering is subject to certain conditions including, but not limited to, the submission of all required forms to the Canadian Securities Exchange (the "Exchange").As the offering price of the Common Shares is lower than market price less the maximum applicable discount permitted by the Exchange, Exchange policy requires shareholder approval of the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referenced in this press release, in any jurisdiction in which such offer, solicitation or sale would be unlawful.For further information, please contact: Neither 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. The Company undertakes no obligation to update any of the forward-looking statements in this news release except as otherwise required by law. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240099