Mayo Lake Minerals updates merger activities

Ottawa, Ontario–(Newsfile Corp. – September 6, 2024) – Mayo Lake Minerals Inc. (CSE:MLKM) (“mayonnaise“) is pleased to announce, further to its press releases dated August 17, 2023, March 12, 2024, May 3, 2024 and July 25, 2024, that it continues to work towards the completion of its proposed merger with WestMountain Gold Inc. (“WMG“) in conjunction with simultaneous financing (“Parallel financing“) for $7.5 million±, the net proceeds of which will be used primarily for an aggressive diamond drilling program on WMG’s Terra Gold Project.

Mayo is currently compiling the necessary technical and financial information required to formalize the terms of the definitive agreement and the Parallel Financing. All securities issued pursuant to the Parallel Financing will be subject to a hold period of four months plus one day from the date of issuance and applicable securities laws.