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WKM West Kirkland Mining Inc

0.125
0.00 (0.00%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
West Kirkland Mining Inc TSXV:WKM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.125 0.125 0.13 0 01:00:00

West Kirkland Closes Additional Over-Allotment Option

08/05/2014 7:11pm

Marketwired Canada


NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

West Kirkland Mining Inc. (TSX VENTURE:WKM) ("West Kirkland" or the "Company")
is pleased to announce that in connection with its previously announced fully
marketed prospectus offering (the "Prospectus Offering") that closed on April
17, 2014, the syndicate of agents co-led by Cormark Securities Inc. and PI
Financial Corp., and including GMP Securities L.P. and Macquarie Capital Markets
Canada Ltd. (collectively, the "Agents") have exercised, in part, their
over-allotment option to purchase an additional 3,333,000 units of the Company
(the "Units") at $0.15 per Unit for gross proceeds of $499,950. Each Unit issued
pursuant to the over-allotment option consists of one common share of the
Company and one common share purchase warrant (each, a "Warrant"), with each
Warrant exercisable for one common share at a price of $0.30 at any time prior
to 5:00 p.m. on April 17, 2019.


A total of 165,948,167 Units were issued in connection with the Prospectus
Offering, including on the exercise of the over-allotment option, for aggregate
gross proceeds of $24,892,225.


A commission of 6% of the gross proceeds from the exercise of the over-allotment
option was paid to the Agents.


The Company intends to use the proceeds from the exercise of the over-allotment
option to advance the Hasbrouck gold project and for general corporate purposes.


The securities described above have not been, and will not be, registered under
the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any
U.S. state securities laws, and may not be offered or sold in the United States
or to, or for the account or benefit of, U.S. persons absent registration or any
applicable exemption from the registration requirements of the U.S. Securities
Act and applicable U.S. state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy securities in
the United States, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.


About West Kirkland Mining Inc.

West Kirkland has now completed recent financings including the Prospectus
Offering above and a Non-Brokered Private Placement totalling $33.1 million
dollars. A payment of US$20 million was made to purchase a 75 per cent interest
in the Hasbrouck gold project, Nevada. The Company currently has approximately
$8.9 million in cash. For further information, please contact us by email at
info@wkmining.com.


Disclaimer for Forward-Looking Information 

This press release contains forward-looking information or forward-looking
statements (collectively "forward-looking information") within the meaning of
applicable securities laws. Forward-looking information is typically identified
by words such as: "believe", "expect", "anticipate", "intend", "estimate",
"postulate" and similar expressions, or are those, which, by their nature, refer
to future events. Forward-looking information in this news release includes,
without limitation, statements regarding the use of proceeds. Although West
Kirkland believes that such timing as set out in this press release is
reasonable, it can give no assurance that such expectations will prove to be
correct. The Company cautions investors that any forward-looking information
provided by the Company is not a guarantee of future results or performance, and
that actual results may differ materially from those in forward-looking
information as a result of various factors, including, but not limited to, the
state of the financial markets for the Company's equity securities, the state of
the market for gold or other minerals that may be produced generally, variations
in the nature, quality and quantity of any mineral deposits that may be located,
the Company's ability to obtain any necessary permits, consents or
authorizations required for its activities, to raise the necessary capital or to
be fully able to implement its business strategies and other risks associated
with the exploration and development of mineral properties. The reader is
referred to the Company's public filings for a more complete discussion of such
risk factors and their potential effects which may be accessed through the
Company's profile on SEDAR at www.sedar.com. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
West Kirkland Mining Inc.
R. Michael Jones
(604) 685-8311


West Kirkland Mining Inc.
Knox Henderson
(604) 685-8311
(604) 484-4710 (FAX)
info@wkmining.com

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