WestKam Gold Corp. Increases Non-Brokered Private Placement to up to $500,000

Core Viewpoint - WestKam Gold Corp. has announced an increase in its non-brokered private placement offering from $300,000 to $500,000 due to overwhelming interest, proposing to sell up to 7,142,857 units at a price of $0.07 per unit [1] Group 1: Offering Details - The offering will consist of units that include one common share and one common share purchase warrant, with each warrant exercisable for one common share at a price of $0.10 for three years [1] - Proceeds from the offering will be allocated to pay outstanding trade payables, legal fees, audit fees, transfer agent fees, and for general working capital [1] Group 2: Regulatory and Compliance Information - The units are being offered to qualified purchasers under exemptions from prospectus and registration requirements of applicable securities legislation [2] - The company may pay a finder's fee to eligible finders as permitted under applicable securities laws and TSX Venture Exchange policies [2] - All securities issued will be subject to a hold period of four months and one day from their issuance date, and the completion of the offering is subject to necessary regulatory approvals [2] Group 3: Company Overview - WestKam Gold Corp. focuses on acquiring and developing mineral properties in Western Canada, targeting projects in established mining districts with potential for significant resources [3]