07:24 AM EDT, 06/10/2025 (MT Newswires) -- Walker Lane Resources ( CMCXF ) said Tuesday that it is raising $1.3 million in a private placement of units.

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.

The offering comprises 4 million non-flow through units $0.12 each and 6 million flow-through units at $0.14 apiece. Each unit will consist of one share and one full warrant. Each whole warrant can be exercised at $0.16 per share for 24 months.

Walker Lane's share price closed 4% lower on Monday to $0.12 on the TSXV.