The Prospector News

Western Announces Closing of Non-brokered Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Western Announces Closing of Non-brokered Private Placement

 

 

 

 

 

Western Exploration Inc. (TSX-V: WEX) (OTCQX: WEXPF) announces that it has closed a non-brokered private placement of an aggregate 814,286 units of the Corporation at a price of C$1.40 per Unit for aggregate gross proceeds of approximately C$1,140,000. The Corporation intends to use the proceeds of the Offering to continue to advance the exploration and development of the Aura Project and for general corporate purposes.

 

Each Unit is comprised of one variable voting share of the Corporation  and one-half of one Variable Voting Share purchase warrant of the Corporation. Each Warrant entitles the holder thereof to purchase one Variable Voting Share at an exercise price of C$1.96 per Variable Voting Share for a period of two years following the closing date of the Offering.

 

The securities issued in connection with the Offering are subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation. The Offering is subject to final acceptance of the TSX Venture Exchange. The Warrants will not be listed on any exchange.

 

About Western Exploration

 

Born from a 25-year history of advancing exploration projects in Nevada as a private company, today Western Exploration is composed of an experienced team of precious metals experts that aims to lead Western Exploration to becoming a premiere gold and silver development company in North America. The Corporation’s principal asset is the 100% owned Aura gold-silver project, located approximately 120 kilometers/75 miles north of the city of Elko, Nevada, and includes three unique gold and silver deposits: Doby George, Gravel Creek, and Wood Gulch.

 

 

Posted December 22, 2022

Share this news article

MORE or "UNCATEGORIZED"


Circular Mining: Vale Base Metals and BluestOne sign long-term offtake agreement to repurpose refinery waste in Brazil

Highlights: The agreement allows Vale Base Metals to advance its ... READ MORE

October 3, 2023

Platinex Announces Acquisition of a Canadian Uranium Portfolio and Formation of Green Canada Corporation

Platinex Inc. (CSE: PTX) (OTCQB: PANXF) (Frankfurt: 9PX)  is ple... READ MORE

October 3, 2023

Orex Signs a Non-Binding Letter of Intent to Acquire 100% of the Valenciana Gold-Silver Project in Zacatecas State, Mexico

Orex Minerals Inc. (TSX-V: REX) (OTCQB: ORMNF) is pleased to anno... READ MORE

October 3, 2023

Aldebaran Intercepts 649.40 m of 0.54% CuEq, Including 354.00 m of 0.72% CuEq at the Altar Copper-Gold Project

Aldebaran Resources Inc. (TSX-V: ALDE) (OTCQX: ADBRF) is pleased ... READ MORE

October 3, 2023

Probe Gold delineates additional high-grade gold mineralization at the Monique deposit, Novador Project, Quebec

Highlights: New results from 2023 resource drill program returned... READ MORE

October 3, 2023

Copyright 2023 The Prospector News