West Point Gold Announces Brokered Private Placement for up to $20 Million

Core Viewpoint - West Point Gold Corp. has announced a private placement offering of up to 18,181,900 common shares at an issue price of C$1.10 per share, aiming to raise gross proceeds of up to C$20,000,090 for exploration and working capital purposes [1][2]. Group 1: Offering Details - The offering will be conducted on a "commercially reasonable efforts" basis by SCP Resource Finance LP as the Lead Agent [1]. - A cash commission of 5% of the gross proceeds will be paid to the Agents, with a reduced commission of 2% for shares sold to purchasers on the Company President's List [3]. - The closing date for the offering is scheduled for around February 17, 2026, pending approval from the TSX Venture Exchange and applicable regulatory authorities [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration activities at the Gold Chain Project in Arizona and for general corporate and working capital needs [2]. Group 3: Company Overview - West Point Gold is focused on exploration and development across four projects located along the Walker Lane Trend in Nevada and Arizona, with a priority on advancing the Gold Chain Project [6].