WestKam Gold Corp. Completes Over-Subscribed Non-Brokered Private Placement

WestKam Gold Corp. (TSXV: WKG) has successfully closed an over-subscribed non-brokered private placement, raising $500,000.06 through the issuance of 7,142,858 units. The offering was initially announced on January 23, 2026, and subsequently increased on January 26, 2026. As part of this placement, WestKam has also allocated $7,560.00 in finder’s fees. All securities from this offering are subject to a hold period until June 11, 2026, in compliance with securities regulations and the policies of the TSX Venture Exchange.

Notably, 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, as stipulated in sections 5.5(b) and 5.7(1)(a) of MI 61-101. The transaction did not exceed 25% of the company's market capitalization, ensuring it remained compliant.

WestKam Gold Corp. focuses on acquiring and developing mineral properties in Western Canada, emphasizing locations within established mining districts that exhibit strong geological potential. The company is actively seeking additional projects that align with its strategic objectives.

Peter Laipnieks, President & CEO, leads the organization, emphasizing its commitment to responsible growth and resource development. Investors should be aware that the company’s announcements and projections contain forward-looking statements, which are subject to uncertainties and risks that could impact actual outcomes.

For more information, WestKam Gold Corp. can be contacted through their office in Vancouver, BC, or via their official website. The TSX Venture Exchange and its Regulation Services Provider do not take responsibility for the accuracy of this release.

WestKam Gold Corp. (TSXV: WKG) has recently completed a successful over-subscribed non-brokered private placement, raising approximately $500,000 through the issuance of 7,142,858 units. This move, initially announced in January 2026, indicates strong investor confidence, particularly given that a portion of the financing came from insiders, including a director and officer of the Company. Insider participation can often signal to potential investors that management is aligned with shareholders' interests, enhancing the company's credibility.

The funds raised will likely be directed toward acquiring and developing mineral properties that align with WestKam's strategic vision of exploring established mining districts in Western Canada. The focus on highly prospective geology suggests that WestKam is positioning itself to capitalize on potential resource discoveries, which could lead to meaningful growth and increased market valuation over time.

Investors should note that the issued securities are subject to a hold period until June 11, 2026, indicating a need for patience in realizing returns on newly purchased units. Additionally, the participation of insiders in this offering underscores management's confidence in the company's future performance as well as its commitment to long-term value creation.

From a market perspective, the current issuance should be viewed positively, as it provides the Company with necessary capital without significant dilution of current shareholders' equity. However, it is imperative for investors to remain cognizant of inherent risks associated with mining ventures, including commodity price volatility, regulatory changes, and operational challenges.

Overall, while WestKam Gold presents an intriguing investment opportunity, potential investors should conduct further due diligence incorporating technical analysis of their exploration projects and broader industry trends before making commitments. The stock could be a valuable addition to a resource-focused portfolio, particularly if accompanied by successful exploration results in the upcoming quarters.