WestKam Gold Corp. Announces Shares for Debt Settlements and Grant of Options

2026-02-19 - 12:43

Directors and officers of the Company are participating in the debt settlements and will receive an aggregate of 2,333,332 shares in consideration for the settlement of an aggregate $245,000 debt. Participation by the directors and officers will constitute a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on any of the exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the fair market value of the securities to be distributed to the directors and officers is not expected to exceed 25% of the Company's market capitalization. Read More