Winshear Gold Closes Oversubscribed $585,000 Private Placement

Provided By Globe Newswire

Last update: May 10, 2023

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VANCOUVER, British Columbia, May 10, 2023 (GLOBE NEWSWIRE) -- Winshear Gold Corp. (TSX-V: WINS) reports that it has closed a non-brokered private placement of 5,850,000 Units at $0.10 per Unit for gross proceeds of $585,000. Each Unit comprises 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 $0.15 for a period of 24 months from the closing date of the financing up to and including May 9, 2025. Cash commissions totalling $15,000 were 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 September 10, 2023.