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News ReleasesWest Kirkland Mining Inc. Announces $5.0 Million Best Efforts Offering Of UnitsJanuary 18, 2013 NOT FOR DISSEMINATION IN THE UNITED STATES January 18, 2013 – West Kirkland Mining Inc. (TSX-V:WKM, the "Company") announces that the Company has entered into an agreement with Cormark Securities Inc. and PI Financial Corp. (the "Agents") to offer for sale (the "Offering"), on a best efforts agency basis, up to 20,000,000 units (the "Units") of the Company at a price of $0.25 per Unit (the "Offering Price") for gross proceeds of up to $5.0 million. Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one Common Share at a price of $0.40 for a period of one year following the closing date. The Company will pay the Agents a cash commission equal to 7.0% of the gross proceeds of the offering. Closing of the offering is anticipated to occur on or before February 7, 2013 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. The net proceeds of the Offering will be used for exploration activities on the Company’s properties and for general corporate purposes. About West Kirkland Mining West Kirkland Mining was formed in 2010 to focus on gold exploration along major trends in North America. The Company has consolidated significant mineral rights positions within the major gold trends of Nevada/Utah and in the Kirkland Lake area of Ontario - two of North America’s premier gold jurisdictions. The founders and Board of West Kirkland Mining have successful gold discovery, development and mine operations experience in both Ontario and Nevada over the past 40 years. For further information, please see the Company’s website at wkmining.com or contact us by email at or call: West Kirkland Mining Inc.
Certain of the statements and information in this press release constitute “forward-looking statements” or “forward-looking information” Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. 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. |
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