23:18:14 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



West Mining Corp (2)
Symbol WEST
Shares Issued 9,146,230
Close 2024-01-12 C$ 0.26
Market Cap C$ 2,378,020
Recent Sedar Documents

West Mining issues 26-cent options, 100,000 RSUs

2024-01-15 19:06 ET - News Release

Mr. Nader Vatanchi reports

WEST MINING ISSUES STOCK OPTIONS AND RSUS

West Mining Corp. has issued an aggregate of 550,000 stock options to consultants to the company and an aggregate of 100,000 restricted share units to certain directors and officers of the company. Each option is exercisable for one common share of the company at a price of 26 cents for five years. The stock options and the RSUs vest immediately. The stock options, the RSUs and any common shares issuable thereunder are subject to a four-month hold period in accordance with the policies of the Canadian Securities Exchange.

The issuance of the RSUs is considered to be a related-party transaction as defined under Multilateral Instrument 61-101. It is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the transaction does not exceed 25 per cent of the market capitalization of the company as determined in accordance with MI 61-101.

About West Mining Corp.

West Mining is a mineral exploration company, acquiring and developing advanced and early-stage exploration projects. It is fully focused on its 100-per-cent-owned, 9,000-hectare prospective Kena project located near Nelson, B.C. The Kena project comprises three adjoining properties: Kena, Daylight and Athabasca. A recent National Instrument 43-101 resource estimate for Kena gave 561,900 ounces gold indicated and 2,773,100 oz Au inferred in the Gold Mountain, Kena gold and Daylight zones. The Kena property also hosts the large Kena copper zone, along with the historic Euphrates and Gold Cup gold-silver mines. The Daylight property contains the historic past-producing Daylight, Starlight, Victoria, Irene and Great Eastern gold mines. Along trend to the north is the Athabasca property, with the historic Athabasca gold mine. The historic mines and known mineralized zones on these three properties are structurally controlled along a 20-kilometre strike as identified by strong geophysical signatures.

We seek Safe Harbor.

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