Dilution news, company cash flow coming from private placements.
3 Private Placements in the last 6 months. 55.7 million shares issued raising a total of $3.665 million for current operations.
Good News, corporate insiders subscribed for 21.1 million units for gross proceeds of $1.35 million from the three private placements during the same 6 months. Insiders are putting up 36.8% of the cash needed for current operations. They must believe in what they are seeing and doing. A very small gold producer in a safe jurisdiction with the spot price of gold ready to launch in 2022.
GoldStockData.com Analysis - 9/12/2021
Category: Junior: Near-term Producer
Upside/Downside: 2.0 / 2.0
Risk: High
Winston Gold Mining is advancing their Winston project to production in Montana. This seems like a high-risk speculation bet. Expect dilution as they raise money for drilling and development. The company had a $30 million Fully Diluted (FD) market cap in 2016, then it crashed back to $2 million. Now it has surged to $31 million. Investors must think it has exploration potential.
My comment - Market Cap on Yahoo listed as 17.54 Million. Heads up, Schwab now charges $6.95 for each trade in Canadian gold and silver miners
Winston Gold Corp. December 1, 2021 Letter to shareholders
Paradine Mill Update
"To date the majority of the 4,600 tons have been processed through the mill and the concentrate has been shipped via a broker to various refineries."
November 16, 2021 PP 20,500,00 at $0.05 raised $1,025,000 exercise price of $0.09 per share
November 16,2021 Insiders subscribed 9,250,000 Units for gross proceeds of $462,250.00 under the Private Placement.
August 30, 2021 PP18,916,667 at $0.075 raised $1,418,715 exercise price of $0.105 per share
August 30, 2021 Insiders subscribed 5,00,000 Units for gross proceeds of $375,000.00 under the Private Placement
July 15, 2021 PP 6.67 to 40,000,000 at C$0.075 exercise price of $0.105 per share
July 5, 2021 PP 16,300,000 at $0.075 raised $1,222,500 exercise price of $0.12 per share
July 5, 2021 Insiders subscribed 6,866,667 Units for gross proceeds of $515,000.00 under the Private Placement
WINNIPEG, MB / ACCESSWIRE / November 16, 2021 /Winston Gold Corp. ("Winston Gold" or the "Corporation") (CSE:WGC) (OTCQB:WGMCF) is pleased to announce the closing of its previously announced, non-brokered private placement (the "Private Placement") consisting of 20,500,000 units (the "Units") at a purchase price of $0.05 per Unit to raise gross proceeds of $1,025,000.
Each Unit consists of one common share (a "Share") in the share capital of the Corporation and one share purchase warrant (a "Warrant"). Each full Warrant will entitle the holder to purchase one additional Share in the share capital of the Corporation for a period of two years, at an exercise price of $0.09 per Share.
Insiders of the Corporation subscribed for an aggregate of 9,250,000 Units for gross proceeds of $462,250.00 under the Private Placement (the "Insider Subscriptions").
WINNIPEG, MB / ACCESSWIRE / August 30, 2021 / Winston Gold Corp. ("Winston Gold" or the "Corporation") (CSE:WGC) (OTCQB:WGMCF) is pleased to announce the closing of a non-brokered private placement (the "Private Placement") consisting of 18,916,667 units (the "Units") at a purchase price of $0.075 per Unit to raise gross proceeds of $1,418,750.
Each Unit consists of one common share (a "Share") in the share capital of the Corporation and one share purchase warrant (a "Warrant"). Each full Warrant will entitle the holder to purchase one additional Share in the share capital of the Corporation for a period of two years, at an exercise price of $0.105 per Share.
WINNIPEG, MB / ACCESSWIRE / July 15, 2021 / Winston Gold Corp. ("Winston Gold" or the "Corporation") (CSE:WGC) (OTCQB:WGMCF)
The Private Placement consists of a minimum of 6.67 million to a maximum of 40 million "Units" at C$0.075 per Unit (the "Offering Price"). Each Unit consists of one common share (a "Share") and one purchase warrant (a "Warrant"). Each full Warrant will entitle the holder to purchase an additional common share of the Corporation at an exercise price of $0.105 per share for a period of 2 years from the closing of the Private Placement. The minimum gross proceeds expected to be raised are C$500,000, with maximum gross proceeds of C$3,000,000.
WINNIPEG, MB / ACCESSWIRE / July 5, 2021 /Winston Gold Corp. ("Winston Gold" or the "Corporation") (CSE:WGC)(OTCQB:WGMCF) is pleased to announce the closing of a non-brokered private placement (the "Private Placement") consisting of 16,300,000 units (the "Units") at a purchase price of $0.075 per Unit to raise gross proceeds of $1,222,500.
Each Unit consists of one common share (a "Share") in the share capital of the Corporation and one share purchase warrant (a "Warrant"). Each full Warrant will entitle the holder to purchase one additional Share in the share capital of the Corporation for a period of 5 years, at an exercise price of $0.12 per Share.
