12:02 PM EDT, 09/26/2024 (MT Newswires) -- Westhaven Gold ( WTHVF ) on Thursday said that Rob McEwen committed to investing $1.5 million in the company's $5-million private placement.

The offering comprises 10-million units priced at $0.15 apiece, flow-through shares priced at $0.175 each and charity flow-through shares priced at $0.22 each.

McEwen will make the investment through his private holding company Evanachan. McEwen is the founder and former chairman of Goldcorp, and is currently the executive chairman and largest shareholder of McEwen Mining ( MUX ) .

Westhaven plans to use the proceeds from the offering for working capital and general corporate purposes.

The company's shares were last seen down $0.005 to $0.165 on the TSX Venture Exchange.

Price: 0.17, Change: -0.01, Percent Change: -2.94