BULLETIN V2025-0946
WESTGATE ENERGY INC. ("WGT")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debentures
BULLETIN DATE: April 1, 2025
TSX Venture Tier 1 Company
TSX Venture Exchange ("Exchange") has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on March 10, 2025:
Convertible Debenture $700,000 of unsecured subordinated convertible debenture units ("Debentures"). Each Debenture consists of $1,000 of principal amount ("Principal") and 285 common share purchase warrants ("Warrants").
Conversion Price: The Principal in the Debentures are convertible into common shares of the Company ("Shares") at a conversion price of $0.25 per Share.
Maturity date: August 28, 2025.
Warrants: Each Warrant shall entitle the holder to purchase one Share at an exercise price of $0.27 per share until March 7, 2026.
Interest rate: 12.5% per annum.
Finder's Fee: None.
Disclosure: March 10, 2025.
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