WestKam Gold raises $500,000 in over-subscribed private placement

WestKam Gold Corp. (TSXV: WKG) closed an over-subscribed non-brokered private placement, raising gross proceeds of $500,000.06 through the issuance of 7,142,858 units, according to a company statement.

The Vancouver-based mineral exploration company initially announced the offering on January 23, 2026, and increased it on January 26, 2026. The company paid $7,560.00 in finder's fees in connection with the placement.

A director and officer of WestKam participated in the offering, purchasing 494,715 units for $34,630.05. This insider participation qualifies as a related party transaction under Multilateral Instrument 61-101 but is exempt from formal valuation and minority shareholder approval requirements because the fair market value of securities distributed to the insider did not exceed 25% of the company's market capitalization.

All securities issued under the offering are subject to a hold period that expires on June 11, 2026, in accordance with applicable securities laws and TSX Venture Exchange policies.

WestKam Gold Corp. focuses on acquiring and developing mineral properties in Western Canada that have potential to host significant resources.

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