Winston Gold Corp. (WGC:CNX) has arranged a non-brokered private placement consisting of up to 3.5 million units at a purchase price of five cents per unit to raise gross proceeds of up to $175,000. Each unit will consist of one common share in the share capital of the company and one share purchase warrant. Each full warrant will entitle the holder to purchase one additional share in the share capital of the company for a period of five years, at an exercise price of 10 cents per share.

The company may pay a finder’s fee in connection with the private placement within the amount permitted by the policies of the exchange. Certain directors, officers and insiders of the company may participate in the private placement. The private placement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the exchange. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The private placement is not subject to a minimum aggregate amount of subscriptions.

The net proceeds from the private placement will be used for general corporate purposes.

The private placement is expected to close on or about Sept. 15, 2017.

About Winston Gold Corp.

Winston Gold is a junior mining company focused on advancing high-grade, low-cost mining opportunities into production. Toward that end, the company has acquired two underexplored and underexploited gold/silver mining opportunities, being the Winston gold project near Helena, Mont., and the Gold Ridge project, near Willcox, Ariz.

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