WestKam Gold Corp. Provides Update on Management Cease Trade Order, Announces Appointment of Interim CFO and Announces Private Placement

Core Viewpoint - WestKam Gold Corp. is facing a management cease trade order (MCTO) due to delays in filing interim financial statements, with the appointment of a new Interim CFO to expedite the process [1][2]. Group 1: Management and Financial Updates - The MCTO was issued by the British Columbia Securities Commission (BCSC) because the Company failed to file its interim financial statements by the June 30, 2025 deadline [1]. - The CFO, Pam Saulnier, went on unexpected medical leave, prompting the appointment of Akash Patel as the Interim CFO to assist in completing the Interim Filings [2][6]. - The MCTO restricts the CEO and CFO from trading the Company's securities until the Interim Filings are submitted and the MCTO is revoked, but it does not affect shareholders' trading abilities [3]. Group 2: Compliance and Reporting - The Company is adhering to National Policy 12-203 regarding Management Cease Trade Orders, which includes issuing bi-weekly default status reports until the Interim Filings are completed [4]. - As of the latest update, there have been no material changes to the information in the MCTO Announcement, and the Company has not failed to meet its stated intentions regarding the Guidelines [5]. Group 3: Private Placement - WestKam Gold Corp. plans to undertake a non-brokered private placement to raise up to $250,000 through the sale of up to 3,571,428 units at a price of $0.07 each [7]. - Each unit will consist of one common share and one common share purchase warrant exercisable at $0.10 for two years following the close of the Offering [7]. - Proceeds from the Offering will be used for exploration on the Will Property and for unallocated working capital, subject to regulatory approvals [8]. Group 4: Company Overview - WestKam Gold Corp. focuses on acquiring and developing mineral properties in Western Canada, seeking projects in established mining districts with potential for significant resources [10].