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| Home : WestKam Updates Close of First Tranche of Private Placement |
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Jan 28
2016 |
WestKam Updates Close of First Tranche of Private Placement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 27, 2016) - WestKam Gold Corp. (TSX VENTURE:WKG) (the "Company" or "WestKam") announces that, further to its news release dated December 23, 2015, in which it announced the close of the first tranche of a private placement for aggregate proceeds totaling $537,000, the Company proposes to use the proceeds as follows: proceeds of $372,000 arising from the sale of flow-through units will be used to commence a Phase II work program on the Company's Bonaparte property, including drilling, equipment and material costs, support costs including personnel, environmental, and mob/demob and proceeds of $165,000 arising from the sale of units will be used to repay outstanding debt of $150,000 and accounting and audit costs of $15,000. |
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| Source:http://www.marketwired.com/mw/release.do?id=2091620&sourceType=3 |
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