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| Home : WestKam Gold Closes Private Placement |
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Nov 07
2012 |
WestKam Gold Closes Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2012) - WestKam Gold Corp. (TSX VENTURE:WKG) (the "Company") is pleased to announce it has closed its previously announced non brokered private placement. A total of 5,223,200 units of the Company were subscribed; consisting of 733,333 flow-through units at a price of $0.15 per unit for gross proceeds of $110,000 and 4,489,867 non flow-through units at a price of $0.15 for gross proceeds of $673,480. Each flow-through unit will consist of one flow-through common share and one common share purchase warrant, and each non flow-through unit will consist of one common share and one common share purchase warrant. All warrants are exercisable at a price of $0.30 per warrant share for a period of two years following the close of the private placement. Proceeds arising from the sale of the flow-through units will be used to advance the Bonaparte Gold Project. Proceeds arising from the sale of the non flow-through units will be used for general working capital purposes. |
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| Source:http://www.marketwire.com/mw/release.do?id=1722484&sourceType=3 |
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