The Shovelnose gold-silver project in British Columbia. Credit: Westhaven Gold
Westhaven Gold (TSXV: WHN) has secured an investment of C$3.16 million ($2.3 million) through a private placement with Canadian mining billionaire Eric Sprott and EarthLabs (TSXV: SPOT).
In total, the Vancouver-headquartered gold explorer will issue approximately 8.33 million units at C$0.12 per unit and 12.5 million charitable flow-through units at C$0.1728 each. The units all contain one common share of Westhaven and one-half of a share purchase warrant exercisable at C$0.18.
Westhaven Gold opened Monday’s session at C$0.16 apiece, with a market capitalization of C$28.2 million ($20.8 million). For the past 52 weeks, the stock traded between C$0.085 and C$0.21.
“We are pleased to welcome Eric Sprott as a new shareholder of Westhaven, as well as the continued support of Earthlabs,” Westhaven CEO Ken Armstrong stated,…
