19:25:55 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



West Mining Corp (2)
Symbol WEST
Shares Issued 9,146,230
Close 2024-04-22 C$ 0.23
Market Cap C$ 2,103,633
Recent Sedar Documents

West Mining arranges $750,000 private placement

2024-04-23 11:15 ET - News Release

Mr. Nader Vatanchi reports

WEST MINING ANNOUNCES PRIVATE PLACEMENT

West Mining Corp. has arranged a non-brokered private placement of up to $750,000 through the issuance of up to 3.75 million units at a price of 20 cents per unit. Each unit will consist of one common share and one transferable share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 40 cents for a period of two years from the date of issuance. The company may pay finders' fees in connection with the financing. Securities issued under the financing will be subject to a four-month hold period, in accordance with applicable Canadian securities laws. The company intends to use the proceeds of the financing for general working capital.

About West Mining Corp.

West Mining is a mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is the 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 of gold indicated and 2,773,100 ounces of gold inferred in the Gold Mountain, Kena and Daylight zones. The Daylight property contains the historical, past-producing Daylight, Starlight, Victoria, Irene and Great Eastern gold mines. Along trend to the north is the Athabasca property, with the historical Athabasca gold mine. The company also holds 100-per-cent interests in its Spanish Mountain and Junker properties.

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