|July 20, 2020|
WestKam Gold Corp. Completes Shares for Debt Transaction
Vancouver, BC, July 20, 2020 - WestKam Gold Corp. (TSX-V: WKG) (the "Company" or "WestKam"), announces that it has completed its previously-announced debt settlement transaction pursuant t which it has issued 7,208,560 common shares at a deemed price of $0.10/unit to settle $720,856 of debt. Insiders of the Company was issued a total of 2,396,840 common shares under the debt settlement, which is considered a related party transaction as defined in Multilateral Instrument 61-101-- Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a), respectively, of MI 61-101 in respect of such insider participation.
About WestKam Gold Corp.
WestKam is a Canadian gold exploration company focused on developing the Bonaparte Gold Project near Kamloops, British Columbia. Additional information can be found on the Company's website at www.westkamgold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Matthew J. Wayrynen, President & CEO
WestKam Gold Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
You can view the Next News Releases item: Fri Sep 4, 2020, WestKam Gold Corp. Appoints Market Maker
You can view the Previous News Releases item: Thu Feb 27, 2020, WestKam Gold Corp. Announces Private Placement
You can return to the main News Releases page, or press the Back button on your browser.