West Kirkland Mining Announces Closing of Private Placement
June 18, 2010
VANCOUVER – West Kirkland Mining Inc. “WKM” (WKM: TSX-V) announces the closing of a private placement announced June 1, 2010. The Company has issued 100,000 units ("Units") at a price of $0.75 per Unit for gross proceeds of $75,000. Each Unit consists of one common share of the Company and one common share purchase warrant exercisable at a price of $1.25 per warrant until June 17, 2011. The securities issued by way of this placement will be subject to a four-month hold period in compliance with NI 45-102.
This private placement was purchased by Company Vice President of Exploration Michael Allen. The net proceeds of the placement will be added to the Company’s working capital position.
The Company is making preparations to drill on the Kirkland Lake properties starting in late July and the Goldstorm property located on the Carlin Trend in Nevada starting in mid-August.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For further information, please see the Company’s website at wkmining.com or contact us by email at or call:
West Kirkland Mining Inc.
R. Michael Jones or Michael Allen at (604) 685-8311
Neither 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.
Disclaimer for Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding proposed exploration activities. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the market for gold or other minerals that may be produced generally, recent market volatility; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's Filing Statement dated March 31, 2010 for a more complete discussion of such risk factors and their potential effects, a copy of which may be accessed through the Company’s page on SEDAR at www.sedar.com.