Winnipeg (pcJ News Briefs) – Winston Gold Mining Corp. (CSE: WGC; OTCQB: WGMCF) intends to undertake a non-brokered equity private placement of 5,000,000 units at $0.06 per unit for gross proceeds of $300,000.
Each unit will consist of one common share and one share purchase warrant entitling the holder thereof to purchase one additional common share at a price of $0.15 per share for a period of 60 months from the closing date.
Winston Gold Mining intends to use net proceeds to further develop its mineral properties and for general working capital purposes.
Winston Gold is a junior mining company focused on advancing high-grade, low cost mining opportunities into production. The company has acquired two under-explored and under-exploited gold/silver mining opportunities, being the Winston Gold project near Helena, Montana, and the Gold Ridge project, near Willcox, Arizona.
Winston Gold Mining