Westhaven Closes Non-Brokered Flow-Through Private Placement
June 21 2024 - 4:30PM
Westhaven Gold Corp. (TSX-V: WHN) is pleased to
announce that it has closed the non-brokered private placement
announced on June 11, 2024. Westhaven has issued a total of
6,685,000 common shares that qualify as “flow-through shares” of
the Company for the purposes of the Income Tax
Act (Canada) (the “FT Common Shares”) at a price of C$0.23 per
FT Common Share for aggregate gross proceeds of $1,537,550.
Proceeds from the Offering will be used to incur
“Canadian exploration expenses” (within the meaning of
the Income Tax Act (Canada)) related to Westhaven’s
projects in British Columbia, Canada. The Company will renounce
these expenses to the purchasers of the FT Shares with an effective
date of no later than December 31, 2024.
The private placement remains subject to TSX
Venture Exchange approval. The securities issued in the first
closing are subject to a hold period and may not be traded before
October 21, 2024.
The Company paid finders’ fees of $75,003 to Red
Cloud Securities Inc., $16,560 to National Bank Financial
Inc., and $690 to Ventum Financial Corp.
On behalf of the Board of DirectorsWESTHAVEN GOLD
CORP.
"Shaun Pollard"
Shaun Pollard, CFO
Tel: 1.604.681.5558 Ext:
103spollard@westhavengold.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This new release contains forward-looking
statements. These statements are based on current expectations and
assumptions that are subject to risks and uncertainties. Actual
results could differ materially because of factors discussed in the
management discussion and analysis section of our interim and most
recent annual financial statements or other reports and filings
with the TSX Venture Exchange and applicable Canadian securities
regulators. We do not assume any obligation to update any
forward-looking statements, other than as required by securities
laws.
This press release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities laws
and may not be offered or sold within the United States or to or
for the account or benefit of a U.S. person (as defined in
Regulation S under the U.S. Securities Act) unless registered under
the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
About Westhaven Gold Corp.
Westhaven is a gold-focused exploration company
advancing the high-grade discovery on the Shovelnose project in
Canada’s newest gold district, the Spences Bridge Gold Belt.
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.
Westhaven trades on the TSX Venture Exchange under the ticker
symbol WHN. For further information, please call 604-681-5558 or
visit Westhaven’s website at www.westhavengold.com
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