Source: Western Alaska Minerals Corp.
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  • Western Alaska Minerals (WAM) has announced a non-brokered private placement for gross proceeds of up to $8,200,000
  • The company will issue up to 2,000,000 common shares at $4.10 per share
  • The gross proceeds will be used predominantly to fund the extension of the company’s 2022 exploration program and for general corporate purposes
  • Western Alaska Minerals is focused on advancing its 100 per cent owned ‘Illinois Creek Mining District’, located in western Alaska
  • Western Alaska Minerals Corp. (WAM) opened trading at C$4.70

Western Alaska Minerals (WAM) has announced a non-brokered private placement for gross proceeds of up to $8,200,000.

The company will issue up to 2,000,000 common shares at $4.10 per share.

The gross proceeds will be used predominantly to fund the extension of the company’s 2022 exploration program and for general corporate purposes.

The core focus of the company’s 2022 program remains step-out drilling of the Waterpump Creek carbonate replacement deposit to gauge the overall footprint of the bonanza silver/zinc/lead mineralization encountered in 2021 and further explored in 2022.

The proceeds will also be used to further explore along trend in the Last Hurrah area based on the recently completed system-wide CSAMT (controlled-source audio-magnetotellurics) program.

All securities issued will be subject to a statutory four month hold period.

Western Alaska Minerals is focused on advancing its 100 per cent owned ‘Illinois Creek Mining District’, located in western Alaska near the Yukon River.

Western Alaska Minerals Corp. (WAM) opened trading at C$4.70.


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