Western Alaska Minerals Corp. announced a non-brokered private placement of up to 731,708 units at a price of CAD 2.05 per unit gross proceeds of up to CAD 1,500,001.4 on August 21, 2023. Each unit shall consist of one subordinate voting share and one-half of one subordinate voting share purchase warrant.

Each warrant shall be exercisable for a period of 36 months from the closing date into one additional subordinate voting share at a price of CAD 3.15. The transaction is expected to close on or around September 7, 2023. The completion of the transaction is subject to the receipt of acceptance by the TSX Venture Exchange.

All securities issued in connection with the transaction will be subject to a statutory hold period expiring four months plus one day from the closing date. The company may pay finders' fees in connection with the sale of the units in accordance with the policies of the Exchange.