WestKam Gold Corp. Completes Shares for Debt Transaction
NEWS RELEASE
WestKam Gold Corp. Completes Shares for Debt Transaction
Vancouver, BC, July 20, 2020 – WestKam Gold Corp. (TSX-V: WKG) (the “ Company” or “WestKam ”),
announces that it has completed its previously-announced debt settlement transaction pursuant to
which it has issued 7,208,560 common shares at a deemed price of $0.10/unit to settle $720,856 of
debt. Insiders of the Company was issued a total of 2,396,840 common shares under the debt
settlement, which is considered a related party transaction as defined in Multilateral Instrument 61-101
– Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied on
the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-
101 contained in sections 5.5(a) and 5.7(a), respectively, of MI 61-101 in respect of such insider
participation.
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”
Matthew J. Wayrynen, President & CEO
WestKam Gold Corp.
Suite 900, 570 Granville Street
Vancouver, BC V6C 3P1
Contact: Investor Relations
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 for ward-looking statements. In particular, this news release contains forward-
looking information regarding the Offering and the use of proceeds of the Offering. These forward-looking statements involve
numerous assumptions made by the Company based on i ts experience, perception of historical trends, cur rent conditions,
expected future developments and 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 expenses being based on historic al costs and expenses,
adjusted for inflation; and market demand for, and market acceptance of, the Offering. In addition, these statements involve
substantial known and unknown risks and uncertainti es that contribute to the possibility that the pred ictions, forecasts,
projections and other forward-looking statements wi ll 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
intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future
unanticipated events.