Vancouver, BC — February 11, 2026 — Leads & Copy — WestKam Gold Corp. has closed its over-subscribed non-brokered private placement, issuing 7,142,858 units for gross proceeds of $500,000.06.
The offering, previously announced on January 23, 2026, was increased on January 26, 2026. WestKam also paid a total of $7,560.00 in finder’s fees in connection with the offering.
All securities issued under the offering are subject to a hold period expiring June 11, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
According to the announcement, a director and officer of WestKam Gold Corp. participated in the offering, purchasing 494,715 units for gross proceeds of $34,630.05.
The insider’s participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
WestKam stated that such insider participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on any of the exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the fair market value of the securities distributed to the insider did not exceed 25% of the Company’s market capitalization.
WestKam Gold Corp. is focused on acquiring and developing mineral properties, with strong potential to host significant resources, in Western Canada. The company is looking for additional projects that are in an established mining district with highly prospective geology that could host significant resources.
Peter Laipnieks is the President & CEO.
Source: WestKam Gold Corp.
