Wesgold announces that it has arranged a bridge loan of US$1.5 million to provide it with the funds necessary to make an upcoming payment whereby the Company will acquire an 11% interest in the Cordoba Property, Colombia. The loan is repayable within 90 days and is non-interest bearing. In consideration for the loan, the Company has agreed, subject [...]
Wesgold is pleased to announce that it has arranged, subject to stock exchange approval, a non-brokered private placement financing of up to 6,700,000 units at $0.75 per unit, for proceeds of up to $5,025,000. Each unit will consist of one common share and one-half of a warrant. Each whole warrant will entitle the holder to purchase one additional [...]
Wesgold are pleased to report assay results from recent sampling at the Cordoba copper-gold porphyry project located in the Municipality of Puerto Libertador in the Department of Cordoba, 200km north of Medellin, Colombia. Wesgold has the option to acquire a 51% interest in the property from Minatura subject to meeting certain expenditure and cash [...]
Wesgold provides an update on the status of the option to acquire up to a 51% interest in the Cordoba Property from Minatura International, which was previously announced on June 6, 2011. The Company has been informed by Minatura that three of the concession applications that make up part of the Property have been granted and are now legal [...]
Wesgold is pleased to announce a proposed split of its issued shares on the basis of every one existing share being split into two shares. This transaction is subject to acceptance by the TSX Venture Exchange and to shareholder approval which will be requested at the Company's annual general meeting to be held in December 2011. The Company also [...]
