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Western Gold Exploration Ltd. (TSXV: WGLD,OTC:WGELD) (the “Firm”) is happy to announce it has elevated the entire potential quantity of its non-brokered personal placement of frequent shares (the “Non-public Placement”) introduced on December 3, 2025. The Firm now intends the Non-public Placement to encompass as much as 17,037,038 frequent shares of the Firm at a value of CAD$0.135 per share for gross proceeds of as much as CAD$2,300,000.
The Non-public Placement is topic to the approval of the TSX Enterprise Change (the “Change“). The securities issued in reference to the Non-public Placement will likely be topic to a 4 month maintain interval, in accordance with relevant securities legal guidelines.
The Firm intends to make use of the proceeds from the Non-public Placement towards exploration drilling packages and associated work on its mining properties and for normal and administrative bills.
The Firm could pay a fee or finder’s charge to eligible events in reference to the Non-public Placement, topic to the approval of the Change and compliance with relevant securities legal guidelines.
About Western Gold Exploration
The Firm is a mineral exploration firm that’s listed on the TSX Enterprise Change underneath the image “WGLD”. The Firm is targeted on the exploration of mineral properties in Scotland and discovering new alternatives throughout the underexplored Caledonian Appalachian and figuring out places of gold and significant metallic deposits. The Firm’s focus has expanded to incorporate the Caledonian Gold Venture along with its Lorne Venture, which incorporates the Lagalochan copper gold porphyry property positioned in Argyll, Scotland (the “Lagalochan Property“), and the adjoining and close by properties alongside the Lorne Fault Zone. The Caledonian Gold Venture lies inside certainly one of Scotland’s most potential mineral belts and is adjoining to Scotland’s solely gold mine, the Cononish Gold Mine, operated by JV companions Acrux Gold.
The Firm lately introduced that its wholly-owned subsidiary, Lorne Assets Ltd., has entered right into a three way partnership with Acrux Gold Restricted, to probe for gold, silver, and significant minerals as a part of the Caledonian Gold Venture in central Scotland. See the Firm’s 25 November 2025 press launch for extra info.
On 29 November 2022, the Firm filed a Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives compliant, unbiased Technical Report (the “Technical Report“) on the Lagalochan Property. The Technical Report and extra details about the Firm can be found on SEDAR+ at www.sedarplus.ca underneath the Firm’s profile and on the Firm’s web site: www.westerngoldexploration.com.
This press launch will not be a proposal of the Firm’s securities on the market in the USA. The Firm’s securities will not be supplied or offered in the USA absent registration or an accessible exemption from the registration necessities of the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and relevant U.S. state securities legal guidelines. The Firm won’t make any public providing of its securities in the USA. The Firm’s securities haven’t been and won’t be registered underneath the U.S. Securities Act.
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities, in any jurisdiction during which such supply, solicitation or sale can be illegal.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This information launch contains sure “forward-looking statements” underneath relevant Canadian securities laws. Ahead-looking statements embrace, however are usually not restricted to, statements with respect to approvals from the TSX Enterprise Change associated to the Non-public Placement, completion of the Non-public Placement, the anticipated use of proceeds of the Non-public Placement, timing and completion of any drilling and work packages on the Firm’s properties, estimates of mineralization from drilling, geological info projected from drilling outcomes, potential for minerals and/or mineral sources, and statements concerning the plans, intentions, beliefs, and present expectations of the Firm with respect to the longer term enterprise actions and working efficiency of the Firm which may be described herein. Ahead-looking statements encompass statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the longer term. Such info can typically be recognized by way of forward-looking wording reminiscent of “could”, “anticipate”, “estimate”, “anticipate”, “intend”, “imagine” and “proceed” or the unfavorable thereof or related variations. Readers are cautioned to not place undue reliance on forward-looking statements, as there could be no assurance that the plans, intentions or expectations upon which they’re based mostly will happen.
By their nature, forward-looking statements contain quite a few assumptions, recognized and unknown dangers and uncertainties, each normal and particular, that contribute to the chance that the predictions, estimates, forecasts, projections and different forward-looking statements won’t happen. These assumptions, dangers and uncertainties embrace, amongst different issues, the state of the financial system basically and capital markets particularly, accuracy of assay outcomes, geological interpretations from drilling outcomes, timing and quantity of capital expenditures; efficiency of accessible laboratory and different associated companies, future working prices, and the historic foundation for present estimates of potential portions and grades of goal zones, in addition to these threat components mentioned or referred to within the Firm’s Administration’s Dialogue and Evaluation for the 12 months ended December 31, 2024, and the interval ended September 30, 2025, accessible at www.sedarplus.ca, lots of that are past the management of the Firm. Ahead-looking statements contained on this press launch are expressly certified by this cautionary assertion.
The forward-looking statements contained on this press launch are made as of the date of this press launch. Besides as required by regulation, the Firm disclaims any intention and assumes no obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case. Moreover, the Firm undertakes no obligation to touch upon the expectations of, or statements made by, third events in respect of the issues mentioned above.
Neither the TSX Enterprise Change nor its Regulation Service Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/276942
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