11:51 AM EDT, 06/10/2025 (MT Newswires) -- (Updates shares.)

Walker Lane Resources ( CMCXF ) said Tuesday that it is raising $1.3 million in a private placement of units.

The company is looking to place four-million common-share units priced at $0.12 each and six-million flow-through units at $0.14 apiece. Each unit will consist of one share and a two-year warrant to buy a common share for $0.16.

The company plans to use the proceeds to fund drilling at the Amy project in British Columbia and advance its other properties in Yukon and Nevada. It will also allocate the proceeds to general working capital.

Walker Lane's shares were last seen up $0.01 to $0.13 on the TSX Venture Exchange.

Price: 0.13, Change: +0.01, Percent Change: +8.33