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WSG Wesgold Minerals

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Share Name Share Symbol Market Type
Wesgold Minerals TSXV:WSG 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 -

Wesgold Arranges US$1.5 Million Bridge Loan

14/03/2012 12:30pm

PR Newswire (US)


Wesgold Minerals (TSXV:WSG)
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VANCOUVER, March 14, 2012 /PRNewswire/ - Wesgold Minerals Inc. (TSX-V: WSG) announces that it has arranged a bridge loan of US$1.5 million to provide it with the funds necessary to make an upcoming payment whereby the Company will acquire an 11% interest in the Cordoba Property, Colombia.

The loan is repayable within 90 days and is non-interest bearing.  In consideration for the loan, the Company has agreed, subject to stock exchange approval, to issue to the lender 400,000 common shares of the Company.

About Wesgold Minerals

Wesgold Minerals Inc. is a Vancouver-based mineral exploration company focused on the acquisition and exploration of gold and copper projects in Colombia. Wesgold recently optioned from Minatura the Cordoba property, covering 25,790 hectares in the Department of Cordoba, Colombia, 200km north of the city of Medellin.

ON BEHALF OF THE BOARD

     "Simon Ridgway"

Simon Ridgway, Chairman of the Board

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Wesgold Minerals Inc.

Copyright 2012 PR Newswire

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