Westward Gold Inc. (WG) Financings
CSE: WG · Gold · Exploration stage
- Market cap$42.4M
- Share price$0.185
- 52-week range$0.070 – $0.395
- Shares outstanding229,258,083
- ExchangeCSE
- Properties2
- Websitewestwardgold.com
Westward Gold is a mineral exploration company focused on developing the Toiyabe and Turquoise Canyon Projects located in the Cortez Hills area of Lander County, Nevada. The Company is also advancing the Mulloy Project in Northern Ontario. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.
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Westward Gold Inc. financial statements
Key figures read from 7 of 9 financial statement filings, Aug 15, 2019 to Feb 27, 2023. Each column is the period as the company first filed it.
Balance sheet: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2022 | Mar 2022 | Dec 2020 | Sep 2020 | |
|---|---|---|---|---|
| Cash and equivalents | C$571,491 | C$2,525,682 | C$468,579 | C$502,566 |
| Total current assets | C$730,303 | C$2,706,611 | C$69,250 | C$69,250 |
| Total current liabilities | — | — | C$13,866 | C$20,463 |
| Working capital | — | — | C$55,384 | C$48,787 |
| Exploration and evaluation assets | C$6,829,773 | C$4,852,596 | C$69,250 | C$69,250 |
| Total assets | C$7,738,080 | C$7,723,228 | C$552,535 | C$573,991 |
| Total liabilities | C$198,093 | C$143,002 | — | — |
| Shareholders' equity | C$7,539,987 | C$7,580,226 | C$538,669 | C$553,528 |
Income statement: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| 3M Dec 2022 | 3M Dec 2021 | 3M Dec 2020 | 3M Sep 2020 | |
|---|---|---|---|---|
| General and administrative | C$159,177 | C$208,700 | C$188 | C$1,673 |
| Share-based compensation | C$31,464 | C$39,457 | C$0 | C$0 |
| Net income (loss) | (C$282,148) | (C$397,011) | (C$14,859) | (C$18,861) |
Cash flow statement: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| 9M Dec 2022 | 9M Dec 2021 | 9M Dec 2020 | 6M Sep 2020 | |
|---|---|---|---|---|
| Operating cash flow | (C$946,288) | (C$859,021) | (C$84,756) | (C$50,769) |
| Investing cash flow | (C$1,552,883) | C$177,238 | C$0 | C$0 |
| Financing cash flow | C$544,980 | C$34,700 | C$303,967 | C$303,967 |
| Exploration spending (capitalized) | (C$1,552,883) | (C$1,093,855) | C$0 | C$0 |
| Proceeds from share issues | C$546,000 | C$0 | C$310,000 | C$310,000 |
| Change in cash | (C$1,954,191) | (C$647,083) | C$219,211 | C$253,198 |
| Cash at end of period | C$571,491 | C$544,216 | C$468,579 | C$502,566 |
Westward Gold Inc. financings
1 financing announced or closed by Westward Gold Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-09 | Westward Gold Inc. (WG) | Private placement, non-brokered | Closed, 1 tranche | $12.0M | $0.250 | Westward Gold Announces $5M Non-Brokered Private Placement Financing, with a Combined $2.5M in Lead Orders from Top Shareholders Crescat Capital LLC & Concept Capital Management Ltd. |
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