Westhaven Gold Corp. (TSXV:WHN) has arranged to issue, on a non-brokered private placement basis for gross proceeds of up to $3 million.
The gross 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 with an effective date of no later than December 31, 2022.
Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls 37,000 hectares (370 square kilometres) with four 100% owned gold properties spread along this underexplored belt.
The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration.
For further information please visit: http://www.westhavengold.com/
