WestKam Announces Private Placement to Existing Shareholders and Other Investors
NEWS RELEASE
WestKam Announces Private Placement to Existing Shareholders and Other Investors
Vancouver, BC, April 25, 2017 – WestKam Gold Corp. (TSX-V: WKG) (the “ Company” or “WestKam ”)
announces that the Company intends to raise up to $ 250,000 by way of a non-brokered private
placement (the “ Offering ”) of units (“ Units ”) of the Company at a price of $0.02 per Unit. Su bject to
certain limitations discussed below, the Offering i s open to all existing shareholders of the Company.
The Offering is subject to TSX Venture Exchange (“ TSXV ”) final acceptance.
Any existing shareholders interested in participati ng in the Offering should contact the Company
pursuant to the contact information set forth below.
The Offering
The maximum Offering is 12,500,000 Units for gross proceeds of $250,000. The Offering is not subject
to any minimum aggregate subscription. Each Unit w ill consist of one common share in the capital of
WestKam (the “ Common Shares ”) and one Common Share purchase warrant (the “ Warrants ”). Each
Warrant will be exercisable into one Common Share for a period of three years at a price of $0.05/share.
A finder's fee of cash, Common Shares or Warrants, or a combination thereof, may be paid to eligible
finders with respect to any portion of the Offering that is not subscribed for by existing shareholders.
The proceeds of the Offering will be used to conduc t property maintenance on the Company’s
Bonaparte North property, for working capital and g eneral corporate purposes. Assuming the entire
$250,000 Offering is completed, the use of proceeds will be as follows: Bonaparte North Property work
program ($61,000); Bonaparte North Property mainten ance ($15,000); Bonaparte North Property
environmental ($15,000); geological consulting ($34 ,000); legal/accounting/audit costs ($53,000);
transfer agent fees/regulatory listing and filing f ees ($9,000); website/corporate communications
($5,000); rent/office expenses and general supplies ($5,500); consulting fees ($15,000); management
fees ($20,000) and unallocated/general corporate pu rposes ($17,500). Although the Company intends
to use the proceeds of the Offering as described ab ove, the actual allocation of net proceeds may vary
from the uses set forth above, depending on future operations or unforeseen events or opportunities. If
the Offering is not fully subscribed, the Company w ill apply the proceeds of the Offering to the above
uses in priority and in such proportions as managem ent of the Company determines is in the best
interests of the Company.
The securities issued in connection with the Offering will be subject to a hold period expiring four
months and one day from the date of issuance of such securities.
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Existing Shareholder Exemption
Depending on demand and regulatory requirements, a portion of the Offering may be made in
accordance with the provisions of the existing shar eholder exemption (the “ Existing Shareholder
Exemption ”) contained in Multilateral CSA Notice 45-313 and the various corresponding blanket orders
and rules of participating jurisdictions (the Existing Shareholder Exemption is not available in Ontario or
Newfoundland and Labrador). In addition to conduct ing the Offering pursuant to the Existing
Shareholder Exemption, the Offering will also be co nducted pursuant to other available prospectus
exemptions, including sales to accredited investors , family and close personal friends and business
associates of directors and officers of the Company.
The Company has set April 14, 2017 as the record da te for the purpose of determining existing
shareholders entitled to purchase Units pursuant to the Existing Shareholder Exemption. Subscribers
purchasing Units under the Existing Shareholder Exe mption will need to represent in writing that they
meet certain requirements of the Existing Sharehold er Exemption, including that they were, on or
before the record date, a shareholder of the Compan y (and still are a shareholder). The aggregate
acquisition cost to a subscriber under the Existing Shareholder Exemption cannot exceed $15,000 unless
that subscriber has obtained advice from a register ed investment dealer regarding the suitability of t he
investment. There is no minimum subscription amount. If subscriptions received for the Offering based
on all available exemptions exceed the maximum Offe ring amount of $250,000 Units will be allocated
pro rata amongst all subscribers qualifying under all available exemptions.
About WestKam Gold Corp.
WestKam is a Canadian gold exploration company focused on developing the Bonaparte Gold Project
near Kamloops, British Columbia. Additional information can be found on the Company’s website at
www.westkamgold.com .
ON BEHALF OF THE BOARD OF DIRECTORS
“Matt Wayrynen”
Matt Wayrynen, President
WestKam Gold Corp.
Suite 900, 570 Granville Street
Vancouver, BC V6C 3P1
Contact: John Ulmer, Investor Relations
778.994.6453
www.westkamgold.com
Neither the 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 stat ements. In particular, this news release contains forward-l ooking information regarding the
Offering and the use of proceeds of the Offering. These forward-looking statements involve numerous a ssumptions made by the Company based
on its experience, perception of historical trends, current conditions, expected future developments a nd other factors it believes are appropriate
in the circumstances. These assumptions include, but are not limited to: TSXV acceptance of the Offering; future costs and e xpenses being based
on historical costs and expenses, adjusted for infl ation; and market demand for, and market acceptance of, the Offering. In addition, these
statements involve substantial known and unknown ri sks and uncertainties that contribute to the possib ility that the predictions, forecasts,
projections and other forward-looking statements will prove inaccurate, certain of which are beyond th e Company’s control. Readers should not
place undue reliance on forward-looking statements. Except as required by law, the Company does not i ntend to revise or update these forward-
looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.