Vancouver, B.C. – June 21st, 2024 – Westhaven Gold Corp. (TSX-V: WHN) is pleased to announce that it has closed the non-brokered private placement announced on June 11, 2024. Westhaven has issued a total of 6,685,000 common shares that qualify as “flow-through shares” of the Company for the purposes of the Income Tax Act (Canada) (the “FT Common Shares”) at a price of C$0.23 per FT Common Share for aggregate gross proceeds of $1,537,550.
Proceeds from the Offering will be used to incur “Canadian exploration expenses” (within the meaning of the Income Tax Act (Canada)) related to Westhaven’s projects in British Columbia, Canada. The Company will renounce these expenses to the purchasers of the FT Shares with an effective date of no later than December 31, 2024.
The private placement remains subject to TSX Venture Exchange approval. The securities issued in the first closing are subject to a hold period and may not be traded before October 21, 2024.
The Company paid finders’ fees of $75,003 to Red Cloud Securities Inc., $16,560 to National Bank Financial Inc., and $690 to Ventum Financial Corp.
On behalf of the Board of Directors
WESTHAVEN GOLD CORP.
“Shaun Pollard”
Shaun Pollard, CFO Tel: 1.604.681.5558 Ext: 103
spollard@westhavengold.com
