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 currently under a management cease trade order (MCTO) due to delays in filing interim financial statements, with updates on the appointment of a new Interim CFO and plans for a private placement to raise funds [1][2][7]. Group 1: Management and Financial Updates - The company failed to file its interim financial statements by the June 30, 2025 deadline due to the unexpected medical leave of its CFO, Pam Saulnier [2]. - Akash Patel has been appointed as the Interim CFO to assist in completing the interim filings as soon as possible [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' ability to trade [3]. Group 2: Compliance and Reporting - The company is providing updates in accordance with National Policy 12-203, including 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 no anticipated defaults beyond the current situation [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 [7]. - Proceeds from the offering will be used for exploration on the Will Property and for unallocated working capital, subject to regulatory approvals [8].