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Yahoo
44 minutes ago
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Quantum eMotion Announces Brokered LIFE Financing of C$6,000,000
MONTREAL, May 29, 2025 (GLOBE NEWSWIRE) -- Quantum eMotion Corp. ('QeM' or the 'Corporation') (TSX.V: QNC; OTCQB: QNCCF) is pleased to announce a best efforts brokered private placement for total gross proceeds of at least C$6,000,000 (the 'Offering'), consisting of at least 4,000,000 units of the Corporation (each a 'Unit') at a price of C$1.50 per Unit (the 'Offering Price'), pursuant to the listed issuer financing exemption (the 'LIFE Exemption') under Part 5A of National Instrument 45-106 – Prospectus Exemptions ('NI 45-106'). Each Unit will consist of (i) one common share in the capital of the Corporation (a 'Share'), and (ii) one common share purchase warrant (a 'Warrant'). Each Warrant will entitle the holder to acquire one additional common share (a 'Warrant Share') at a price of C$1.82 for a period of 3 years following the Closing Date (as defined herein). The Corporation intends to use the net proceeds raised from the Offering to accelerate the pace of its research and development ('R&D') efforts, expand the R&D team, hire staff for the commercialization initiatives underway and expanding the presence of QeM in the USA and other markets and for general working capital needs. A.G.P. Canada Investments ULC ("Agent") is acting as the sole bookrunner and agent for the Offering and A.G.P./Alliance Global Partners is acting as sole U.S. placement agent for the Offering. Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the securities issued pursuant to the LIFE Exemption are expected to be immediately freely tradeable and will not be subject to a hold period under applicable Canadian securities laws. The Units may also be offered to persons in the United States pursuant to exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') and all applicable U.S. state securities laws, as well as outside Canada and the United States on a basis which does not require the qualification or registration of any of the Corporation's common shares or require the Corporation to be subject to any ongoing disclosure requirements under any domestic securities laws. There is an offering document related to the Offering that can be accessed under the Corporation's profile at and on the Corporation website at Prospective investors should read this offering document before making an investment decision. It is expected that closing of the Offering will take place on or about June 2, 2025 (the 'Closing Date'). Closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals. As consideration for their services, the Agent will receive an aggregate cash fee equal to 6.0% of the gross proceeds of the Offering. In addition, the Corporation will issue to the Agent non-transferable warrants (the 'Agent Warrants') representing 4.0% of the aggregate number of Units issued pursuant to the Offering. Each Agent Warrant will entitle the holder to purchase one common share of the Corporation at price of C$1.66 for a 30-month period from the date of issuance. This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act' ), and such securities may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons absent registration or an applicable exemption from U.S. registration requirements. 'United States' and 'U.S. persons' have the meanings ascribed to them in Regulation S under the U.S. Securities Act. About Quantum eMotion The Company's mission is to address the growing demand for affordable hardware and software security for connected devices. Thanks to its patented Quantum Random Number Generator, QeM has become a pioneering force in classical and quantum cybersecurity solutions. This security solution exploits quantum mechanics' built-in unpredictability and promises to provide enhanced protection for high-value assets and critical systems. For further information, please visit our website at or contact us at: info@ The Company intends to target highly valued Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Krown Technologies and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography. For further information, please visit our website at or contact: Francis Bellido, Chief Executive Officer Tel: 514.956.2525 Email: info@ Website: Cautionary Note regarding Forward-Looking Statements This news release contains 'forward-looking information' within the meaning of applicable securities laws, which is based upon the Corporation's current internal expectations, estimates, projections, assumptions and beliefs. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Corporation's expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering, the completion of the Offering, if it is to be completed at all; the expected Closing Date; and the completion of the Corporation's business objectives, and the timing, costs, and benefits thereof. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Corporation. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as 'plans', 'expects', 'potential', 'is expected', 'anticipated', 'is targeted', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes' or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements or forward-looking information are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements or forward-looking information, including, without limitation, risks and uncertainties relating risks inherent to the cybersecurity industry, the value of the Corporation's intangible assets, completing proof of concept studies, protecting intangible assets rights, timing and availability of external financing on acceptable terms or at all, the possibility that future results will not be consistent with the Corporation's expectations, increases in costs, changes in legislation and regulation, changes in economic and political conditions and other risks involved in the cybersecurity industry and inherent to new technologies, such as risk of obsolescence, slow adoption and competing technological advances; and those risks set out in the Corporation's public documents filed on SEDAR+ at Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or forward-looking information. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated or intended. For more information on the Corporation and the risks and challenges of its business, investors should review the Corporation's annual filings that are available at The Corporation provides no assurance that forward-looking statements or forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and information. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking information. Neither 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 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 hours ago
- Business
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Solis Announces: Diamond Drill Rig Arrives at Chancho al Palo, Peru
West Leederville, Western Australia--(Newsfile Corp. - May 29, 2025) - Solis Minerals Limited (ASX: SLM) (TSXV: SLMN) (OTCQB: SLMFF) ("Solis Minerals" or "the Company") is pleased to announce an update pertaining to its 100 per cent owned Chancho al Palo project in Peru. A diamond drill rig has arrived at Chancho al Palo supported by leading local drilling company, AKD International ("AKD"). The Chancho al Palo diamond drill programme comprises approximately 2,500 metres across several priority targets (Figure 2), designed to test multiple anomalies identified during surface mapping, sampling and geophysics1. Figure 1: Arrival of diamond drill rig to Chancho al Palo, Peru To view an enhanced version of this graphic, please visit: Chief Executive Officer, Mitch Thomas, commented: "The Company is pleased to report that the drill rig has safely arrived at Chancho al Palo. This will be the first time the concession has been drilled, and we're targeting a series of compelling porphyry and IOCG anomalies identified through geochemical and geophysical work. Importantly, Chancho al Palo is located 10 kilometres from the coast and 25 kilometres from Southern Copper's smelter and refinery complex. Southern Copper is Peru's largest copper producer and holds tenements adjacent to Chancho al Palo, further validating the geological potential of the area. We expect assay results in July 2025 and look forward to building on this momentum with drilling at Ilo Este, anticipated to commence in June pending final permits. I am travelling to Peru this weekend to oversee commencement of drilling at our Chancho al Palo and Ilo Este projects. It's an exciting period as we systematically test high-priority targets across our Peruvian portfolio." 1 Refer to ASX:SLM announcement 29 April 2024 "Exploration update for Peru, Borborema, Brazil" Figure 2: Chancho al Palo drill targets over magnetic susceptibility plot. Targets include IP (1A and 1B) and magnetometry (M1 - M3) anomalies. Initial drill programme of 2,500 metres reflects a portion of the planned drill holes shown. Sequence and number of actual drill holes to be determined subject to programme results (refer to ASX Announcement 29 April 2024). To view an enhanced version of this graphic, please visit: This announcement is authorised for release by the Board. ContactMitch ThomasChief Executive Officer Solis Minerals Limitedmthomas@ 458 890 355 Media & Broker Enquiries: Fiona Marshall & Jason Mack White Noise Communications fiona@ jason@ 400 643 799 Neither the TSX Venture Exchange ("TSXV") nor its Regulation Service Provider (as the term is defined in the policies of the TSXV) accepts responsibility for the accuracy of this news release. About Solis Minerals Limited Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper portfolio. The Company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal Belt of Peru. Solis holds concessions totalling 69,200 hectares. The Company is led by a highly-credentialled and proven team with excellent experience across the mining lifecycle in South America. Solis is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis, under its leadership team, is strategically positioned to capitalise on growth opportunities within this mineral-rich region. Forward-Looking Statements This news release contains certain forward-looking statements that relate to future events or performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected, including, but not limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at These forward-looking statements are made as of the date hereof, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law. Qualified Person Statement The technical information in this news release was reviewed by Michael Parker, a Fellow of the Australian institute of Mining and Metallurgy (AusIMM), a qualified person as defined by National Instrument 43-101 (NI 43-101). Michael Parker is Technical Director of the Company. Competent Person Statement The information in this ASX release concerning Geological Information and Exploration Results is based on and fairly represents information compiled by Mr Michael Parker, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Parker is Technical Director of Solis Minerals Ltd. and has sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the exploration activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australian Code for Reporting of Mineral Resources and Ore Reserves". Mr Parker consents to the inclusion in this report of the matters based on information in the form and context in which it appears. Mr Parker has provided his prior written consent regarding the form and context in which the Geological Information and Exploration Results and supporting information are presented in this Announcement. To view the source version of this press release, please visit Sign in to access your portfolio
Cision Canada
5 hours ago
- Business
- Cision Canada
WEST POINT GOLD ANNOUNCES C$7 MILLION PRIVATE PLACEMENT
VANCOUVER, BC, May 29, 2025 /CNW/ - West Point Gold Corp. (" West Point Gold" or the " Company") (TSX.V: WPG) (OTCQB: WPGCF) (FSE: LRA0) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the " Underwriters"), in connection with a "bought deal" private placement for aggregate gross proceeds of approximately C$7 million (the " Offering"). The Offering will consist of the issuance and sale of 15,555,600 units of the Company (the " Units") at a price of C$0.45 per Unit (the " Offering Price"). Each Unit will consist of one common share of the Company (each, a " Unit Share") and one-half of one common share purchase warrant (each whole warrant, a " Warrant"). Each Warrant shall entitle the holder thereof to purchase one common share of the Company (each, a " Warrant Share") at a price of C$0.55 at any time before 5:00 p.m. (Toronto time) on the date that is 24 months following the Closing Date (as defined below). The expiry date of the Warrants will accelerate in the event the volume weighted average trading price of the common shares in the capital of the Company is equal to or exceeds C$0.90 per common share for a period of 20 consecutive trading days (an " Acceleration Event"). If an Acceleration Event occurs, the Warrants will expire 30 days after notice of such Acceleration Event. The Company has granted the Underwriters an option, exercisable in whole or in part, at any time prior to Closing Date, to increase the size of the Offering to raise additional gross proceeds of up to C$1,000,080. The Company is conducting a listed issuer financing pursuant to Section Part 5A.2 of National Instrument 45-106 Prospectus Exemptions (the " Listed Issuer Financing Exemption"). The Company is relying on the exemptions in Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the Order). The Underwriters will also be entitled to offer the Units for sale in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and in certain other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation, ongoing reporting requirement or requisite regulatory or governmental approval arises in such other jurisdictions. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This news release does not constitute an offer to acquire securities in any jurisdiction. There is an offering document with respect to the portion of the Offering being conducted pursuant to the Listed Issuer Financing Exemption that can be accessed under the Company's profile at and the Company's website at Purchasers of Units issued under the Listed Issuer Financing Exemption will have the benefit of the offering document and the rights provided under the Listed Issuer Financing Exemption. Prospective investors of Units issued under the Listed Issuer Financing Exemption should read this offering document before making an investment decision. The Company intends to use net proceeds from the Offering for exploration and advancement of the Company's Gold Chain Project, sustaining and exploration expenditures on the Company's projects in Nevada and for general working capital purposes. The Offering is expected to close on or about June 10, 2025, or on such other date as may be agreed to by the Company and the Underwriters, subject to compliance with applicable securities laws (the " Closing Date"). Notwithstanding the foregoing, the closing of any Units issued pursuant to the Listed Issuer Financing Exemption must occur no later than the 45th day following the date of this news release. The completion of the Offering is subject to customary conditions, including, but not limited to, the negotiation of an underwriting agreement between the parties with respect to the Offering and the receipt of all necessary approvals, inclusive of (if applicable) the approval of the TSX Venture Exchange. About West Point Gold Corp. West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada. Stay Connected with Us: LinkedIn: X (Twitter): @westpointgoldUS Facebook: Website: Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include, without limitation, statements regarding the closing of the Offering, the timing of the closing of the Offering, estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to West Point Gold's ability to complete any payments or expenditures required under the Company's various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company's expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation. 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. SOURCE West Point Gold Corp.
Yahoo
6 hours ago
- Business
- Yahoo
Primary Hydrogen Announces Non-Brokered Private Placement
Calgary, Alberta--(Newsfile Corp. - May 29, 2025) - Primary Hydrogen Corp. (TSXV: HDRO) (FSE: 83W0) (OTCQB: HNATF) ("Primary" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement (the "Private Placement") for gross proceeds of up to C$2,000,000, consisting of two parts: Up to 3,125,000 flow-through units at $0.48 per unit (the "FT Units"), with each FT Unit consisting of one "flow-through" common share (the "FT Shares") and one-half of a warrant, with each whole warrant exercisable at $0.55 to acquire one (non-flow through) common share for 24 months; and Up to 1,250,000 non-flow through units at $0.40 per unit (the "Non-FT Units"), with each Non-FT Unit consisting of one (non-flow-through) common share (the "Non-FT Shares") and one-half of a warrant, with each whole warrant exercisable at $0.50 to acquire one (non-flow through) share for 24 months. The proceeds from the sale of the Non-FT Units are intended to be used general working capital and corporate purposes. The proceeds from the sale of the FT Units are intended be used to incur Critical Mineral Canadian Exploration Expenses ("CEE"), such that they qualify as "flow-through mining expenditures" for purposes of the Income Tax Act (Canada) and can be renounced to the purchasers thereof. The Private Placement is subject to customary closing conditions, including receipt of approval from the TSX Venture exchange. The securities issued under this Offering will be subject to a statutory hold period of four months and one day. The Company may compensate persons who act as finders for the Offering in accordance with the rules of the TSX Venture Exchange. About Primary Hydrogen Corp. Primary Hydrogen is dedicated to the exploration and development of natural hydrogen resources. With over 740 acres in the U.S. and 230 square kilometers across Canada, the Company's portfolio includes the Blakelock, Hopkins, Mary's Harbour, Point Rosie, Crooked Amphibolite, Coquihalla, and Cogburn projects. Primary also holds the Arthur Lake copper project in British Columbia and has an option to acquire a 75% interest in a hydrogen-REE project known as Wicheeda North, also located in British Columbia. FOR FURTHER INFORMATION, PLEASE CONTACT: Ben AsuncionChief Executive OfficerPrimary Hydrogen ben@ 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. CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. Such statements include, but are not limited to, statements regarding: (i) the Company's intention to complete the Private Placement; (ii) the structure and terms of the FT Units and Non-FT Units, including as to pricing, composition, and warrant exercise terms; (iii) the expected use of proceeds from the Private Placement; and (vi) the anticipated closing date of the Private Placement. Forward-looking statements are often identified by words such as "intends," "expects," "will," "may," or similar expressions. These statements are based on certain assumptions, including but not limited to: the Company's ability to successfully market and complete the Private Placement; the accuracy of estimated costs and timelines for exploration and development activities; the availability of sufficient capital to fund planned exploration and general expenses; the Company's ability to comply with the requirements for flow-through mining expenditures under the Income Tax Act (Canada); the timely receipt of TSX Venture Exchange approval; and the absence of unforeseen regulatory or market obstacles. These forward-looking statements are subject to significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to: the inability to raise the targeted C$2,000,000 or any funds through the Private Placement; changes in market conditions affecting the pricing or demand for FT Units or Non-FT Units; unexpected costs or delays in exploration and development activities; failure to qualify expenditures as "flow-through mining expenditures" or to renounce them by December 31, 2026; delays or failure in obtaining TSX Venture Exchange approval; changes in securities regulations or TSX Venture Exchange policies affecting the Offering or finder compensation; economic or financial market volatility impacting the Company's ability to fund operations; and general economic, market, or industry conditions. Additional risks are discussed in the Company's most recently filed management's discussion and analysis, available under the Company's SEDAR+ profile at Although the Company believes that the assumptions and expectations reflected in the forward-looking statements are reasonable based on the experience of its management, current conditions, and expected future developments, there can be no assurance that such statements will prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements or information, as actual results and future events could differ materially from those anticipated. The Company does not undertake to update any forward-looking statements or information, except as required by applicable securities laws. To view the source version of this press release, please visit
Yahoo
6 hours ago
- Business
- Yahoo
WEST POINT GOLD ANNOUNCES C$7 MILLION PRIVATE PLACEMENT
/Not for distribution to United States newswire services or for dissemination in the United States. Not an offer of securities for sale in the United States/ VANCOUVER, BC, May 29, 2025 /CNW/ - West Point Gold Corp. ("West Point Gold" or the "Company") (TSX.V: WPG) (OTCQB: WPGCF) (FSE: LRA0) is pleased to announce that it has entered into an agreement with Cormark Securities Inc. as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), in connection with a "bought deal" private placement for aggregate gross proceeds of approximately C$7 million (the "Offering"). The Offering will consist of the issuance and sale of 15,555,600 units of the Company (the "Units") at a price of C$0.45 per Unit (the "Offering Price"). Each Unit will consist of one common share of the Company (each, a "Unit Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.55 at any time before 5:00 p.m. (Toronto time) on the date that is 24 months following the Closing Date (as defined below). The expiry date of the Warrants will accelerate in the event the volume weighted average trading price of the common shares in the capital of the Company is equal to or exceeds C$0.90 per common share for a period of 20 consecutive trading days (an "Acceleration Event"). If an Acceleration Event occurs, the Warrants will expire 30 days after notice of such Acceleration Event. The Company has granted the Underwriters an option, exercisable in whole or in part, at any time prior to Closing Date, to increase the size of the Offering to raise additional gross proceeds of up to C$1,000,080. The Company is conducting a listed issuer financing pursuant to Section Part 5A.2 of National Instrument 45-106 Prospectus Exemptions (the "Listed Issuer Financing Exemption"). The Company is relying on the exemptions in Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the Order). The Underwriters will also be entitled to offer the Units for sale in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and in certain other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation, ongoing reporting requirement or requisite regulatory or governmental approval arises in such other jurisdictions. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This news release does not constitute an offer to acquire securities in any jurisdiction. There is an offering document with respect to the portion of the Offering being conducted pursuant to the Listed Issuer Financing Exemption that can be accessed under the Company's profile at and the Company's website at Purchasers of Units issued under the Listed Issuer Financing Exemption will have the benefit of the offering document and the rights provided under the Listed Issuer Financing Exemption. Prospective investors of Units issued under the Listed Issuer Financing Exemption should read this offering document before making an investment decision. The Company intends to use net proceeds from the Offering for exploration and advancement of the Company's Gold Chain Project, sustaining and exploration expenditures on the Company's projects in Nevada and for general working capital purposes. The Offering is expected to close on or about June 10, 2025, or on such other date as may be agreed to by the Company and the Underwriters, subject to compliance with applicable securities laws (the "Closing Date"). Notwithstanding the foregoing, the closing of any Units issued pursuant to the Listed Issuer Financing Exemption must occur no later than the 45th day following the date of this news release. The completion of the Offering is subject to customary conditions, including, but not limited to, the negotiation of an underwriting agreement between the parties with respect to the Offering and the receipt of all necessary approvals, inclusive of (if applicable) the approval of the TSX Venture Exchange. About West Point Gold Corp. West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada. Stay Connected with Us: LinkedIn: X (Twitter): @westpointgoldUS Facebook: Website: FORWARD-LOOKING STATEMENTS: Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include, without limitation, statements regarding the closing of the Offering, the timing of the closing of the Offering, estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to West Point Gold's ability to complete any payments or expenditures required under the Company's various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company's expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation. 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. SOURCE West Point Gold Corp. View original content:
