04:22 PM EST, 02/20/2024 (MT Newswires) -- Up 10%, Westhaven Gold Corp. (WHN.V) announced Tuesday that it has arranged to issue, on a non-brokered private placement basis, up to 10 million flow-through (FT) common shares of the company at a price of $0.23 per FT share for gross proceeds of up to $2.3 million.
The gross proceeds from the offering will be used to incur Canadian exploration expenses (within the meaning of the Income Tax Act) related to Westhaven's projects in British Columbia.
The company will renounce these expenses to the purchasers with an effective date of no later than Dec. 31, 2024.
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