West Point Gold increases private placement to $25 million

West Point Gold Corp. (TSXV: WPG) announced it has increased the size of its private placement from C$20 million to up to C$25 million. The offering will include up to 22.7 million common shares priced at C$1.10 per share.

SCP Resource Finance LP serves as lead agent for the transaction, working with a syndicate of agents. The company plans to use proceeds for exploration at its Gold Chain Project in Arizona and general corporate purposes.

Under the agreement, agents will receive a 5% cash commission on gross proceeds, with a reduced 2% commission for shares sold to purchasers on the company president's list. Agents may elect to receive up to 50% of their commission in shares at the issue price. The agents will also receive broker warrants equal to 5% of shares sold, exercisable at the issue price for two years from closing.

The offering is scheduled to close on or about February 17, 2026, subject to TSX Venture Exchange approval and regulatory approvals. Company officers and directors may participate in the offering. Securities issued will be subject to a four-month hold period from the date of issuance.

West Point Gold operates four projects along the Walker Lane Trend in Nevada and Arizona. The company's primary focus is advancing its Gold Chain Project in Arizona.

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