Westward Gold closes C$ 8.28 million non-brokered private placement financing
Bitget2026/10/07 21:01Westward Gold closed a non-brokered private placement, issuing 33,128,000 units at C$ 0.25 for gross proceeds of C$ 8.28 million. Each unit includes one common share, plus one-half warrant exercisable at C$ 0.40 for 24 months. Crescat Capital invested C$ 1.8 million for 7,200,000 units, lifting post-deal ownership to 12.6% basic, 21.5% partially diluted. Concept Capital invested C$ 1 million for 4,000,000 units, taking post-deal ownership to 9.6% basic, 17.0% partially diluted. Proceeds earmarked for drilling at the Toiyabe Hills property in Nevada, expanded permitting bonds, plus working capital. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Westward Gold Inc. published the original content used to generate this news brief via TheNewswire (Ref. ID: 202610071701TNWSWRCACNPR_____1k49F1EwO) on October 07, 2026, and is solely responsible for the information contained therein.
- Westward Gold closed a non-brokered private placement, issuing 33,128,000 units at C$ 0.25 for gross proceeds of C$ 8.28 million.
- Each unit includes one common share, plus one-half warrant exercisable at C$ 0.40 for 24 months.
- Crescat Capital invested C$ 1.8 million for 7,200,000 units, lifting post-deal ownership to 12.6% basic, 21.5% partially diluted.
- Concept Capital invested C$ 1 million for 4,000,000 units, taking post-deal ownership to 9.6% basic, 17.0% partially diluted.
- Proceeds earmarked for drilling at the Toiyabe Hills property in Nevada, expanded permitting bonds, plus working capital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cold wave and rising fuel costs drive electricity prices in northeastern Japan and Tokyo to a four-year high
Japan's spot electricity prices surged to multi-year highs over the weekend.
Google (GOOGL.US) warns that new Australian cybersecurity regulations may cut off minors' access to Gmail
Google stated that a new cybersecurity bill in Australia could prevent minors from using Gmail.
Canaccord Genuity: Lowers Oklo's target price to $66
Crypto prices
More
