West Oak Announces Closing of Private Placement and Changes to Its Board
West Oak Announces Closing of Private Placement and Changes to Its Board
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2023) - West Oak Gold Corp. (CSE: WO) (the "Company") is pleased to announce that further to its news releases dated November 27, 2023, and December 11, 2023, it has closed the non-brokered private placement financing (the "Offering") of 6,410,000 units of the Company ("Units") at a price per Unit of C$0.05 for aggregate gross proceeds of C$320,500. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (a "Warrant"). Each Warrant is exercisable to acquire one additional common share in the capital of the Company at an exercise price of C$0.05 for a term of three years from the date of issuance thereof.
不列颠哥伦比亚省温哥华--(Newsfile Corp.,2023 年 12 月 22 日)-West Oak Gold Corp. (CSE: WO) (”公司“)很高兴地宣布,继其2023年11月27日和2023年12月11日发布的新闻稿之后,它已经完成了非经纪私募融资(”提供“) 本公司 6,410,000 个单位 (”单位“)每单位价格为0.05加元,总收益为320,500加元。每个单位由公司资本中的一股普通股和一份普通股购买权证(a”搜查令“)。每份认股权证均可行使以0.05加元的行使价额外收购公司资本中的一股普通股,期限自发行之日起三年。
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), 3,200,000 of the Units issued were offered for sale to purchasers resident in Canada (other than Quebec) and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption") (the "LIFE Offering"). As the LIFE Offering was completed pursuant to the Listed Issuer Financing Exemption, the securities issued under the LIFE Offering are not subject to a hold period pursuant to applicable Canadian securities laws.
前提是遵守适用的监管要求并符合国家仪器 45-106 — 招股说明书豁免 (”在 45-106“),根据NI 45-106第5A部分规定的上市发行人融资豁免,向居住在加拿大(魁北克以外)和/或其他合格司法管辖区的买方出售了3200,000个已发行的单位(以下简称”上市发行人融资豁免“)(那个”人生奉献“)。由于LIFE发行是根据上市发行人融资豁免完成的,因此根据适用的加拿大证券法,在LIFE发行下发行的证券不受持有期限制。
The remainder of the securities issued under the Offering are subject to a hold period expiring on April 23, 2024 in accordance with applicable securities laws.
根据适用的证券法,本次发行下发行的其余证券的持有期将于2024年4月23日到期。
There is an offering document related to the LIFE Offering that can be accessed under the Company's profile at and on the Company's website at .
有一份与LIFE发行相关的发行文件,可以在公司的简介下访问,也可以在公司的网站上访问,网址为。
The Company expects to use the available funds raised in connection with the Offering for the continued mineral exploration activities on the Hedgehog Project, including the review of all data obtained to date and the design of the 2024 exploration program. The balance of any amounts raised under the Offering will be allocated to general and administrative expenses as well as general working capital. In the event less than sufficient funds are raised under the Offering to achieve its business objectives, the Company shall prioritize deployment of capital for such business objectives as deemed fit by the Company in its sole discretion.
该公司预计将使用与本次发行相关的可用资金继续进行刺猬项目的矿产勘探活动,包括审查迄今为止获得的所有数据以及2024年勘探计划的设计。本次发行筹集的任何款项的余额将分配给一般和管理费用以及一般营运资金。如果在本次发行中筹集的资金不足以实现其业务目标,则公司应自行决定优先为公司认为合适的业务目标部署资金。
The Company further announces the resignation of Paul Reynolds and Kevin Dodds as directors of the Company and the appointment Morgan Good and Adrian Smith as directors of the Company, each effective as of December 22, 2023. Additionally, the Company has cancelled an aggregate of 650,000 options to purchase common shares in the capital of the Company, which were previously granted at an exercise price of $0.10, expiring April 15, 2024.
公司进一步宣布,保罗·雷诺兹和凯文·多兹辞去公司董事职务,并任命摩根·古德和阿德里安·史密斯为公司董事,均自2023年12月22日起生效。此外,公司还取消了总共65万股购买公司资本普通股的期权,这些期权先前以0.10美元的行使价授予,将于2024年4月15日到期。
Morgan Good - Mr. Good is a venture capitalist with approximately 20 years of experience as a stock market professional focusing in areas of finance, M&A, corporate restructuring and development, as well as marketing. Mr. Good has served on various boards across several sectors including but not limited to technology, healthcare, but most notably within the smallcap junior mining resource arena. Morgan has been directly and indirectly responsible for raising in excess of $100M over his career relating to many private and public issuers alike.
摩根古德 -古德先生是一位风险投资家,拥有约20年的股票市场专业经验,专注于金融、并购、企业重组和发展以及市场营销领域。古德先生曾在多个领域的多个董事会任职,包括但不限于科技、医疗保健,最著名的是小型初级矿业资源领域。摩根在其职业生涯中直接或间接地负责筹集了与许多私人和公开发行人有关的超过1亿美元的资金。
Adrian Smith - Adrian Smith, P.Geo., B.Sc., is a registered professional geologist with over 15 years experience working in mineral exploration industries. Mr. Smith began working for active mining companies as an underground mine geologist responsible for identifying, modeling, and producing ore in addition to known reserves. Since then, Mr. Smith has taken his mineral exploration experience from underground and applied it to exploration projects across Canada and the United States. Currently Mr. Smith is CEO of Avante Mining Corp., sits on the boards of M3 Metals Corp. and Usha Resources Ltd., and is the founder of Divitiae Resources Ltd. Mr. Smith graduated from Simon Fraser University with a Bachelor of Science degree specializing in Geology, and has been a member of the Engineers and Geoscientists BC since 2008.
阿德里安史密 -Adrian Smith,P.Geo.,理学学士,是一名注册专业地质学家,在矿产勘探行业拥有超过15年的工作经验。史密斯先生开始在活跃的矿业公司工作,担任地下矿山地质学家,除了已知储量外,还负责识别、建模和生产矿石。从那时起,史密斯先生从地下采掘矿产勘探经验,并将其应用于加拿大和美国的勘探项目。史密斯先生目前是Avante Mining Corp. 的首席执行官、M3 Metals Corp. 和 Usha Resources Ltd. 的董事会成员,也是Divitiae Resources Ltd.的创始人。史密斯先生毕业于西蒙弗雷泽大学,拥有地质学专业理学学士学位,自2008年以来一直是不列颠哥伦比亚省工程师和地球科学家协会的成员。
The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities referenced in this press release, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
根据经修订的1933年《美国证券法》,公司的证券尚未注册也不会注册(”《美国证券法》“)或任何美国州证券法,未经注册或获得《美国证券法》和适用的美国州证券法注册要求的豁免,不得在美国发行或出售。在任何非法的司法管辖区,本新闻稿不应构成出售要约或招揽买入要约,也不构成出售本新闻稿中提及的证券。
About West Oak
关于 West Oak
West Oak is focused on gold exploration in Canada. It is currently actively exploring the Hedge Hog gold project located 15km north of the town of Wells in the Caribou Mining Division of central British Columbia. Investors are encouraged to review West Oak's prospectus and the technical report for the Hedge Hog Property available at . Management and the board of directors of West Oak currently consists of Paul John (Chief Executive Officer and director), Morgan Good (director), Adrian Smith (director) and Robert Doyle (Chief Financial Officer).
西奥克专注于加拿大的黄金勘探。它目前正在积极探索位于不列颠哥伦比亚省中部卡里布矿业分部韦尔斯镇以北15公里处的Hedge Hog黄金项目。鼓励投资者查看西奥克的招股说明书和Hedge Hog房地产的技术报告,网址为。西奥克的管理层和董事会目前由保罗·约翰(首席执行官兼董事)、摩根·古德(董事)、阿德里安·史密斯(董事)和罗伯特·道尔(首席财务官)组成。
On behalf of the board of directors of the Company
"Paul John"
代表本公司董事会
“保罗·约翰”
Paul John
Chief Executive Officer and Director
保罗·约翰
首席执行官兼董事
West Oak Gold Corp.
Website:
T: 778-874-6619
E: paul.j48@telus.net
西橡树黄金公司
网站:
T: 778-874-6619
E: paul.j48@telus.net
Cautionary Statement Regarding Forward-Looking Information
关于前瞻性信息的警示声明
This news release contains forward-looking information or statements within the meaning of applicable securities laws, which may include, without limitation, statements relating to the anticipated use of proceeds from the Offering, the technical, financial, and business prospects of the Company, its assets and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking information or statements. Although the Company believes the expectations expressed in such forward-looking information or statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking information or statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, the ability to achieve its goals, expected costs and timelines to achieve the Company's goals, that general business and economic conditions will not change in a material adverse manner, and that financing will be available if and when needed and on reasonable terms. Such forward-looking information or statements reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties included in in documents filed under the Company's profile on SEDAR+ at . While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive, and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward-looking information or statements include, but are not limited to, the continued availability of capital and financing and general economic, market or business conditions, failure to compete effectively with competitors, failure to maintain or obtain all necessary permits, approvals and authorizations, failure to comply with applicable laws, including environmental laws, risks relating to unanticipated operational difficulties. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.
本新闻稿包含适用证券法所指的前瞻性信息或陈述,其中可能包括但不限于与本次发行收益的预期用途、公司的技术、财务和业务前景、其资产和其他事项有关的陈述。除历史事实陈述外,本新闻稿中所有涉及公司预计将发生的事件或事态发展的陈述均为前瞻性信息或陈述。尽管公司认为此类前瞻性信息或陈述中表达的预期是基于合理的假设,但此类陈述并不能保证未来的业绩,实际业绩可能与前瞻性信息或陈述中的预期存在重大差异。此类陈述和信息基于许多假设,这些假设涉及当前和未来的业务战略和公司未来的运营环境、实现目标的能力、预期成本和实现公司目标的时间表、总体业务和经济状况不会发生重大不利变化,在需要时以合理的条件提供融资。此类前瞻性信息或陈述反映了公司对未来事件的看法,并受风险、不确定性和假设的影响,包括在SEDAR+的公司简介下提交的文件中包含的风险和不确定性。尽管公司管理层认为此类估计和假设是合理的,但它们本质上会受到重大的业务、经济、竞争和监管不确定性和风险的影响。可能导致实际业绩与前瞻性信息或陈述存在重大差异的因素包括但不限于资本和融资的持续可用性以及总体经济、市场或业务状况、未能与竞争对手进行有效竞争、未能维持或获得所有必要的许可、批准和授权、未能遵守包括环境法在内的适用法律、与意想不到的运营困难相关的风险。除非法律要求,否则公司不承诺更新前瞻性陈述或前瞻性信息。
Not for distribution to United States newswire services or for
dissemination in the United States.
不适用于分发给美国新闻通讯社或用于
在美国传播。
To view the source version of this press release, please visit
要查看本新闻稿的源版本,请访问