Westhaven Announces Non-Brokered Private Placement
WESTHAVEN ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C. – June 11th, 2024 – Westhaven Gold Corp. (TSX -V: WHN) is pleased to announce th at it
has arranged to issue , on a non -brokered private placement basis, up to 7,000,000 million flow-through
(FT) common shares of the Company at a price of $0.23 per FT share for gross proceeds of up to $1,610,000.
The gross proceeds from the Offering will be used to incur “Canadian exploration expenses” (within the
meaning of the Income Tax Act (Canada)) related to Westhaven’s projects in British Columbia, Canada. The
Company will renounce these expenses to the purchasers with an effective date of no later than December
31, 2024.
Existing directors and officers of Westhaven may choose to participate in the private placement.
Participation of insiders of the company in the private placement constitutes a related-party transaction
as defined under Multilateral Instrument 61 -101. Because the C ompany's shares trade only on the TSX
Venture Exchange, the issuance of securities is exempt from the formal valuation requirements of Section
5.4 of MI 61- 101 pursuant to Subsection 5.5(b) of MI 61 -101 and exempt from the minority approval
requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(a) of MI 61-101.
The private placement is subject to TSX Venture Exchange approval. Westhaven may pay finders' fees to
eligible finders, as permitted by applicable securities laws and the rules of the TSX-V. All securities issued
in the Offering are subject to a four-month hold period, during which time the securities may not be traded.
On behalf of the Board of Directors
WESTHAVEN GOLD CORP.
"Shaun Pollard"
Shaun Pollard, CFO
Tel: 1.604.681.5558 Ext: 103
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX-V:WHN
This new s release contains forward-looking statements. These statements are based on current
expectations and assumptions that are subject to risks and uncertainties. Actual results could differ
materially because of factors discussed in the management discussion and analysis section of our interim
and most recent annual financial statements or other reports and filings with the TSX Venture Exchange
and applicable Canadian securities regulators. We do not assume any obligation to update any forward -
looking statements, other than as required by securities laws.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be
offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in
Regulation S under the U.S. Securities Act) unless registered under the U.S. S ecurities Act and applicable
state securities laws or an exemption from such registration is available.
About Westhaven Gold Corp.
Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project
in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls 37,000 hectares (370 square
kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated
off a major highway, near power, rail, large producing mines, and within commuting distance from the city of
Merritt, which translates into low -cost exploration. Westhaven trades on the TSX Venture Exchange under the
ticker symbol WHN. For further information, please call 604 -681-5558 or visit Westhaven’s website at
www.westhavengold.com