WestKam Gold Announces Private Placement
June 25 2014 - 8:00AM
Marketwired Canada
WestKam Gold Corp. (TSX VENTURE:WKG) (the "Company") is pleased to announce a
non-brokered private placement consisting of up to 9,500,000 units for aggregate
proceeds of up to $500,000. The Company will offer up to 2,500,000 flow-through
units at $0.06 per flow-through unit and up to 7,000,000 units at $0.05 per
unit. The flow-through units will be offered at $0.06 and consist of one
flow-through common share and one common share purchase warrant exercisable to
acquire one common share of the Issuer at an exercise price of $0.07 per share
in years one and two following the date of Closing, and at an exercise price of
$0.10 per share in years three through five following the date of Closing. The
units will be offered at $0.05 and consist of one common share and one common
share purchase warrant exercisable to acquire one common share of the Issuer at
an exercise price of $0.05 per share in years one and two following the date of
Closing, and at an exercise price of $0.10 per share in years three through five
following the date of Closing.
Proceeds arising from the sale of the units will be used for general working
capital. Proceeds arising from the sale of the flow-through units will be used
for a summer 2014 exploration program on the Bonaparte Gold Project. The
proposed 2014 field program has been designed to follow up exploration in 2013
which extended both of Bonaparte's key targets and will include mapping and
prospecting, 3D IP and magnetic geophysical surveys and soil geochemistry. Rick
Kemp, PGeo, is the qualified person for the Bonaparte Gold Project as that term
is defined in NI 43-101.
About WestKam Gold Corp.
WestKam Gold Corp. is a Canadian gold exploration company focused on developing
the Bonaparte Gold Project near Kamloops, British Columbia. Additional
information can be found on the company's website at www.westkamgold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Matt Wayrynen, President
Forward looking statements: Neither 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 release contains statements that are forward looking statements and are
subject to various risks and uncertainties concerning the specific factors
disclosed under the heading "Risk Factors" and elsewhere in the Company's
periodic filings with Canadian securities regulators. Such information contained
herein represents management's best judgment as of the date hereof based on
information currently available. The Company does not assume the obligation to
update any forward looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
WestKam Gold Corp.
John Ulmer
Investor Relations
778.994.6453
www.westkamgold.com
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