Westmount Minerals Corp. announced a fully subscribed, non-brokered private placement of up to 5,000,000 units at the price of CAD 0.05 per unit for gross proceeds of up to CAD 250,000 on June 9, 2023. Each unit will consist of one common share and one share purchase warrant, with each warrant exercisable into a common share for a period of 24 months at an exercise price of CAD 0.075 for the first year and CAD 0.10 for the second year following the closing date.

Closing of the transaction will be subject to the Canadian Securities Exchange (CSE) approval. Securities issued in the transaction will be subject to a four-month hold period.