On February 29, 2024, West Oak Gold Corp. closed the transaction. The company issued 5,899,999 units at a price of CAD 0.06 per Unit for gross proceeds CAD 354,000. Each Unit is comprised of one common share in the capital of the Company and one transferable common share purchase warrant. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of CAD 0.08 per Warrant Share for a period of 36 months from the date of issuance. In connection with the Private Placement, the Company issued 140,000 finder?s warrants and paid cash commission totaling CAD 8,400 to certain arm?s length finders. Each Finder?s
Warrant entitles the holder thereof, to purchase one additional Common Share at a price of CAD 0.06 for a period of three 36 months from the date of issuance.