Walker Lane Resources Announces Terms for Private Placement Units to Raise C$1,320,000

Core Viewpoint - Walker Lane Resources Ltd. is initiating a non-brokered private placement to raise up to C$1,320,000 through the issuance of units at specified prices [1][2]. Group 1: Offering Details - The offering consists of 4,000,000 non-flow through units priced at C$0.12 each and 6,000,000 flow-through units priced at C$0.14 each [1]. - Each unit includes one common share and one full warrant, allowing the purchase of one non-flow-through common share at C$0.16 for 24 months post-closing [2]. - The closing date is expected on or before a specified date, subject to customary conditions and regulatory approvals [2]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to fund property expenses and exploration activities at the company's properties in Yukon, British Columbia, and Nevada, including drilling on the Amy Project [6]. - Additional funds will be used for general working capital [6]. Group 3: Company Overview - Walker Lane Resources Ltd. focuses on exploring high-grade gold, silver, and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. [5]. - The company plans to implement an aggressive exploration program to advance its projects, particularly the Amy Project, which is currently under review for an exploration permit [5].