Winshear Closes Oversubscribed Private Placement

Core Viewpoint - Winshear Gold Corp. has successfully closed a non-brokered private placement, raising approximately $758,000 through the issuance of 12,633,333 Units, which will be used for exploration and working capital [1][3]. Group 1: Private Placement Details - The Offering consisted of 12,633,333 Units, with gross proceeds of $757,999.98 [1]. - Each Unit includes one common share and one half of a Share purchase warrant, with each full Warrant allowing the purchase of one Share at $0.12 for 24 months [1]. - Finder fees of $25,680 cash and 339,000 Warrants were paid on certain subscriptions [2]. Group 2: Use of Proceeds - Proceeds from the Offering will fund exploration of the Thunder Bay Gold Project and general working capital [3]. - The acquisition of the Thunder Bay Gold Project is under review by the TSX Venture Exchange and is subject to final acceptance [3]. Group 3: Related Party Transactions - Certain directors and officers of Winshear purchased a total of 1,100,000 Units in the Offering, which may be considered a related party transaction [4].