Westhaven Closes First Tranche of Non-Brokered Flow-Through Private Placement
WESTHAVEN CLOSES FIRST TRANCHE OF NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT
Vancouver, B.C. – March 11th, 2024 – Westhaven Gold Corp. (TSX-V: WHN) is pleased to announce that it
has closed Tranche 1 of the non-brokered private placement announced on February 20, 2024. The
Company issued a total of 6,915,313 common shares that qualify as “flow-through shares” of the Company
for the purposes of the Income Tax Act (Canada) (the “FT Common Shares”) at a price of C$0.23 per FT
Common Share for aggregate gross proceeds of $1,590,522.
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 of the FT Shares with an effective date of no later than
December 31, 2024.
Westhaven is preparing to resume drilling on its 17,623-hectare Shovelnose gold property in the next 7
days. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the
Coquihalla Highway 30 kilometres south of Merritt, British Columbia.
The private placement remains subject to TSX Venture Exchange approval. Finders’ fees of 6% cash
totaling $ 93,499 were paid in connection with the financing. All securities issued in the Offering are
subject to a hold period and may not be traded before July 11, 2024.
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 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. Securities 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