04:38 PM EDT, 06/21/2024 (MT Newswires) -- Westhaven Gold ( WTHVF ) on Friday said it closed a private placement of flow-through shares that raised $1.54 million.

The company said it placed 6.69-million of the tax-advantaged shares priced at $0.23 in

Proceeds from the offering will be used to incur "Canadian exploration expenses" related to Westhaven's projects in British Columbia.

The company's shares closed up $0.005 to $0.175 on the TSX Venture Exchange.