December 22, 2011
Gowest Gold Ltd. (the “Company”) (TSXV:GWA) has completed a private placement of units (“Units”) of the Company (the “Offering”). Pursuant to the Offering, the Company issued and sold a total of 13,611,589 Units, at a price of $0.19 per Unit, for gross proceeds of $2,586,201.00. Each Unit is comprised of one common share of the Company issued as a “flow-through share” and one-half of one common share purchase warrant. M Partners Inc. acted as sole agent in connection with the Offering.Wildeboer Dellelce LLP acted for the Company in connection with the Offering with a team that included James Brown, Jeff Hergott and Michael Rennie(corporate/securities) and Kevin Fritz (tax).