In 2021, Western Alaska Copper & Gold, a private Alaska-registered corporation, entered into a business combination agreement with a British Columbia numbered company to complete a Reverse Takeover (“RTO”) by way of a plan of merger. In connection with the RTO, in October 2021, the company completed a concurrent C$5.2M financing and applied to the TSX.V to list its common shares of the resulting issuer, Western Alaska Minerals (WAM), as a Tier 1 Mining Issuer. The RTO was completed in November 2021 and trading began on the Exchange under the symbol “WAM” on November 15, 2021.
|Common Shares Outstanding||14.6 million|
|Proportional Shares Equivalent*||23.9 million|
|Shares Outstanding (F/D)||41.7 million*|
|Market Capitalization at C$1.45/share (Apr 1, 2022)||C$60.5 million|
- C$5.3M RTO financing (Nov. 2021) @ 0.85 (no warrants)
- All previous (private) financings were within 10-20% of RTO financing price