Wescan Goldfields Raises $164,670 After Closing Second Tranche of Non-Brokered Private Placement
Wescan Goldfields (WGF.V) closed the second tranche of its non-brokered private placement of units at $0.22 apiece, for $164,670 through the issuance of 748,500 units, it said on Monday.Each unit consists of one common share and one-half common share purchase warrant with each whole warrant entitling the holder to buy a share for $0.35 for a two-year period from the date of issuance. The company also announced that it has received a 45-day extension from TSX Venture Exchange (TSXV) with respect to the duration of the offering and it has upsized the offering by $15,532 for up to $2.5 million.The company anticipates closing a third and final tranche of the offering in the amount of $110,000 in the coming days, subject to some conditions. Proceeds will be used to support its planned 2026 exploration programs and advance the next phase of exploration across its highly prospective Saskatchewan gold project portfolio.Shares of the company closed down 0.6% to $3.10 on Monday on the TSXV.
