Winshear Gold Closes Private Placement

Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.VANCOUVER, British Columbia, March 02, 2026 (GLOBE NEWSWIRE) — Winshear Gold Corp. (TSX-V: WINS) (“Winshear” or the “Company”) is pleased to announce that it closed a non-brokered private placement (the “Offering”) of 25,000,000 Units for gross proceeds of $2,500,000. Each Unit comprises one common share (a “Share”) and one half of one Share purchase warrant (a “Warrant”), with each full Warrant providing the holder with the right to purchase one Share at a price of $0.20 for a period of 36 months from the closing date of the financing up to and including March 2, 2029.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.Aggregate finder fees of $48,375 cash and 459,000 Warrants were paid on certain subscriptions to Haywood Securities Inc., Ventum Financial Corp., Canaccord Genuity Corp. and Research Capital Corporation. (Such compensation Warrants have the same terms and conditions as the Warrants issued to subscribers but are non-transferable.) All securities issued as part of this private placement will be subject to a hold period which expires on July 3, 2026.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Proceeds from the Offering will be used to fund exploration of the Company’s Portsoy Project in Scotland and for general working capital.Certain Winshear directors and officers purchased a total of 2,150,000 Units in the Offering; their participation may be considered a “related party transaction” under Multilateral Instrument 61-101, but pursuant to sections 5.5(a) and 5.7(1)(a) of the Instrument, the transaction is exempt from the valuation and shareholder exemption requirements contained in the same.About Winshear Gold Corp.Winshear Gold Corp. is a Canadian-based minerals exploration company with a nickel-copper-cobalt project in Scotland (the Portsoy Project) and gold / critical minerals project in Ontario (the Thunder Bay Project).For more information, please contact Irene Dorsman at +1 (604) 200 7874 or visit www.winshear.comON BEHALF OF THE BOARD OF DIRECTORS“Richard D. Williams”Richard D. Williams, CEONeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CautionsRegardingForward-LookingStatementsThis news release includes certain statements and information that may contain forward-looking information withinthemeaningofapplicableCanadiansecuritieslaws.Allstatementsinthisnewsrelease,otherthanstatements of historical facts, are forward-looking statements and contain forward-looking information.Generally, forward-looking information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on the opinions and estimates of management asof the date such statements are made and they are subject to known and unknown risks,uncertaintiesandotherfactorsthatmaycausetheactualresults,levelofactivity,performanceorachievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including the risks normally associated with mineral exploration.Although management of the Company has attempted to identify important factors that could cause actual resultstodiffermateriallyfromthosecontainedinforward-lookingstatementsorforward-lookinginformation,there may be other factors that cause results not to be as anticipated, estimated or intended.There can be no assurance thatsuchstatementswillprovetobeaccurate,asactualresultsandfutureeventscoulddiffermateriallyfromthose anticipatedinsuchstatements.Accordingly,readersshould notplaceunduerelianceonforward-lookingstatements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.