Carson City, NV – Walker Lane Exploration, Inc. (OTC: WKLN) (formerly, Goldspan Resources, Inc.) filed Form D with the Securities and Exchange Commission on February 3, 2015 in connection with a Reg. D Rule 506(c) private placement equity financing for a maximum of $4 million.
The Offering is being conducted on a best efforts no minimum basis. The Placement Agent for the Offering is CIM Securities, LLC.
The Company is conducting this Offering pursuant to Section 4(2) of the Securities Act of 1933, as amended (the “1933 Act”) and Rule 506(c) of Regulation D promulgated thereunder.
We are offering a total of 5,714,285 Units at an offering price of $0.70 per Unit. ($4 million total). Each Unit consists of one share of common stock and one common stock purchase warrant exercisable at $1.00 per share. The warrants expire February 5, 2018.
The Securities being offered have not been registered under the 1933 Act. The Securities cannot be transferred except pursuant to an effective registration statement under the 1933 Act or in a transaction which qualifies as an exempt transaction under the 1933 Act and the rules and regulations promulgated thereunder.
The Offering will terminate July 31, 2015. The Company may extend the offering period for an additional 90 days in the sole and absolute discretion of the Company with or without notice to the investors.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein.
About Walker Lane Exploration, Inc.
The Corporation is an early-stage gold and silver exploration company primarily exploring for precious metals within the Walker Lane region of Nevada where the Corporation presently owns three properties; Pyramid, which is located in Washoe County, Nevada, consisting of 10 lode claims leased from the Bureau of Land Management (BLM). West Trinity, which is located in Churchill County, Nevada consisting of 24 lode claims leased from the BLM. And, Paradise, which is located in Nye County, Nevada, consisting of 9 lode claims leased from the BLM. The Corporation’s focus is to identify mineral areas within the Walker Lane region that are open to staking and claiming, or to acquire properties management deems viable for exploration. Once a property has been secured, management conducts an assessment of the prospect for exploration, which can include sampling, trenching and drilling in order to develop the prospect for leasing, sale or joint venture with other mining companies. Further information can be found on Walker Lane’s website at: www.walkerlaneexploration.com
Walker Lane Exploration, Inc.
“Safe-Harbor” Statement: Under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.