Vancouver, BC, Canada, Jan. 26, 2026 (GLOBE NEWSWIRE) -- WestKam Gold Corp. (TSXV:WKG) (the "Company" or "WestKam") announces that further to its news release of January 23, 2026, it has received overwhelming interest above the previously announced non-brokered private placement offering of up to $300,000. Accordingly, the Company is increasing this offering such that it now proposes to sell up to 7,142,857 units (the "Units") at a price of $0.07 per Unit to raise total gross proceeds of up to $500,000 (the "Offering"). Each Unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will be exercisable for one common share at a price of $0.10 for a period of three years. The proceeds received from the sale of the Units will be used to pay outstanding trade payables, legal fees, audit fees, transfer agent fees and for general working capital.
The Units are being offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. The Company may pay a finder's fee to eligible finders as permitted under applicable securities laws and TSX Venture Exchange ("TSXV") policies. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees in relation thereto remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV.
About WestKam
WestKam Gold Corp. is focused on acquiring and developing mineral properties, with strong potential to host significant resources, in Western Canada. We are looking for additional projects that are in an established mining district with highly prospective geology that could host significant resources.
ON BEHALF OF THE BOARD OF DIRECTORS
"Peter Laipnieks"
Peter Laipnieks, President & CEO
Contacts:
WestKam Gold Corp.
Suite 900, 570 Granville Street
Vancouver, BC V6C 3P1
Investor Relations: (250) 216.5671
Email:westkam007@gmail.com
westkamgoldcorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management.These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control.Actual events or results may differ materially from those projected in the forward-looking statements and the Company cautions against placing undue reliance thereon. The Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
