Mr. Nader Vatanchi reports
WEST MINING ANNOUNCES FINANCING
West Mining Corp. will be conducting a non-brokered private placement for gross proceeds of up to $600,000 through the issuance of up to 11,428,571 units at a price of 5.25 cents per unit. Each unit will consist of one common share of the company and one transferable share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of seven 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. Insiders of the company may participate in the financing. The company intends to use the proceeds of the financing for general working capital, mineral property costs and marketing/investor relations services.
About
West
Mining
Corp.
West Mining is a mineral exploration company currently exploring for copper, gold and silver on its 100-per-cent-owned Junkers property in north-central British Columbia and its 100-per-cent-owned Spanish Mountain West property in central British Columbia. West Mining also holds a 100-per-cent interest in the Kena property, which it has optioned to Upside Gold Corp.
We seek Safe Harbor.
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