WestKam Gold Completes Acquisition of 17% Interest in Bonaparte Property, Acquires Additional 2% Interest
Acquisition will increase property ownership to 95.66%
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 23, 2014) - WestKam Gold Corp. (TSX VENTURE:WKG) (the "Company" or "WestKam") is pleased to announce that, pursuant to its news release dated December 31, 2013, it has completed acquisition of the additional 17% interest on its existing seven claims of the 75%-owned Bonaparte Gold Property (the "Property"), thereby increasing the Company's ownership position in the Property to 95.66%. These seven claims total 2,216-hectares (5,507 acres).
The Bonaparte Property consists of a total of eight claims, representing 2,461-hectares (6,081 acres) and is located approximately 35 kilometres north of Kamloops, British Columbia. The property is accessible by paved and well-maintained gravel roads.
Additional 2% Interest
The Company also wishes to announce that that it has entered into a property option agreement to acquire an additional 2% interest in the claims. In order to earn the additional 2% interest, the Company must issue to the optionor 2,750,000 common shares.
The transaction is subject to the approval of the TSX Venture Exchange.
About WestKam Gold Corp.
WestKam Gold Corp. is a Canadian gold exploration company focused on developing the Bonaparte Gold Project near Kamloops, British Columbia. Additional information can be found on the Company's website at www.westkamgold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Matt Wayrynen, President
Forward looking statements: Neither TSX Venture Exchange nor its Regulation 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. This release contains statements that are forward looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward looking statements.