Westward Gold Inc. announced a non-brokered private placement of 5,000,000 units at a price of CAD 0.12 per unit for aggregate gross proceeds of CAD 600,000 on June 26, 2023. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of CAD 0.18 for a period of 24 months following the closing date of the offering.

The closing of the offering is subject to receipt of all necessary regulatory approvals, including from the Canadian Securities Exchange. The common shares and warrants issued in relation to the offering will be subject to a hold period of four months and one day, in accordance with applicable securities laws. Certain finder’s fees may also be payable to qualifying parties in accordance with the policies of the Canadian Securities Exchange.