Westhaven Announces Grant of Incentive Stock Options and Peterson Capital Engagement
Globenewswire·2025-12-24 14:30

Core Viewpoint - Westhaven Gold Corp. has made significant announcements regarding stock options and a new investor relations agreement, indicating a strategic move to enhance investor engagement and support its growth initiatives [1][2]. Stock Options - Westhaven has granted 400,000 incentive stock options to an Officer, exercisable at CDN$0.25 per share until December 23, 2030, bringing the total outstanding stock options to 16,805,000, which is 6.9% of the company's issued shares [1]. Investor Relations Agreement - Effective January 1, 2026, Westhaven has entered into a consulting agreement with Peterson Capital for investor relations services, which includes outreach and marketing initiatives [2][5]. - The agreement has a term of twelve months and includes consultant fees of CDN$110,000, payable in a single installment, subject to TSX Venture Exchange approval [6]. Company Overview - Westhaven Gold Corp. focuses on gold exploration and development, targeting high-grade epithermal gold mineralization in the Spences Bridge Gold Belt, controlling approximately 61,512 hectares across four properties [7]. - The Shovelnose Gold project is highlighted as the most advanced property, with a Preliminary Economic Assessment indicating an average annual production of 56,000 ounces of gold and an after-tax NPV of CDN$454 million at a 6% discount rate [8].