pcNewsWire – Westridge Resources Inc. (TSX-V: WST.H) has completed its previously announced non-brokered private placement of 400,000 units at a price of $0.25 per unit for gross proceeds of $100,000.
Proceeds will be used for general working capital.
WESTRIDGE COMPLETES $100,000 FINANCING
FOR IMMEDIATE RELEASE NEX: WST.H
Vancouver, B.C., June 5, 2017 – WESTRIDGE RESOURCES INC. (“Westridge” or the “Company”) is pleased to announce that it has completed its previously announced non-brokered private placement of 400,000 units at a price of $0.25 per unit for gross proceeds of $100,000. Each Unit will consist of one common share of the Company and one full share purchase warrant, each full warrant entitling the holder thereof to purchase, for a period of 12 months from the date of issuance, one additional common share of the Company at a price of $0.35 per share. Proceeds of the offering will be used for general working capital.
All the securities issued under the Transaction and the Private Placement are subject to resale restrictions under applicable securities legislation.
For further information on Westridge Resources Inc. at (604) 565-5100.
ON BEHALF OF THE BOARD
Michael Young President & CEO
Neither TSX Venture Exchange nor its Regulations 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.