- Westhaven Gold Corp. (WHN) has signed a financing arrangement with Franco-Nevada Corporation (FNV), a leading gold-focused royalty and streaming company
- Shaun Pollard, CFO & Director of Westhaven Gold, sat down with Sabrina Cuthbert to discuss the financing
- Westhaven agreed to sell a 2-per-cent net smelter return (NSR) royalty to Franco-Nevada for US$6,000,000
- The NSR applies to all of Westhaven’s claims across the Spences Bridge Gold Belt (SBGB) in Southwestern British Columbia, Canada
- Westhaven Gold Corp. is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project
- Westhaven Gold Corp. (WHN) is up 1.2 per cent on the day, trading at C$0.42 per share at 1 pm ET
Westhaven Gold (WHN) has signed a financing arrangement with Franco-Nevada Corporation (FNV), a leading gold-focused royalty and streaming company.
Shaun Pollard, CFO & Director of Westhaven Gold, sat down with Sabrina Cuthbert to discuss the financing.
Westhaven agreed to sell a 2-per-cent net smelter return (NSR) royalty to Franco-Nevada for US$6,000,000.
The NSR applies to all of Westhaven’s claims across the Spences Bridge Gold Belt (SBGB) in Southwestern British Columbia, Canada.
Westhaven has an option to buy down 0.5 per cent of the NSR for $3,000,000 for a period of 5 years from the closing of the transaction.
Westhaven has also agreed to sell to Franco-Nevada for US$750,000 the Talisker Resources Ltd. net smelter return royalty originally granted to Westhaven by Sable Resources Ltd.
Franco-Nevada has also agreed to engage in a private placement to subscribe for 2,500,000 shares of the company for gross proceeds of C$1,000,000.
Westhaven has an ongoing drill campaign at its 100-per-cent-owned 17,623-hectare Shovelnose gold property.
Shovelnose is located within the SBGB and borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia.
Westhaven Gold Corp. is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt.
Westhaven Gold Corp. (WHN) is up 1.2 per cent on the day, trading at C$0.42 per share at 1 pm ET.
