Winshear Gold Closes Oversubscribed $750,000 Private Placement

Provided By Globe Newswire

Last update: Dec 2, 2021

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VANCOUVER, British Columbia, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Winshear Gold Corp. (TSX-V: WINS) reports that it has closed a non-brokered private placement of 7,536,000 Units at $0.10 per Unit for gross proceeds of $753,600. Each Unit is comprised of one common share and one half of one common share purchase warrant. Each full warrant will allow the holder to purchase one common share of Winshear Gold at a price of $0.20 for a period of 36 months from the closing date of the financing up to and including December 1, 2024. Cash commissions totalling $17,750 was paid on certain subscriptions. All securities issued as part of this private placement will be subject to a four month plus one day hold period which will expire April 2, 2022.