Mr. Nader Vatanchi reports
WEST MINING ANNOUNCES FILING OF AMENDED LISTED ISSUER FINANCING EXEMPTION OFFERING DOCUMENT
West Mining Corp., further to its news release dated June 24, 2024, announcing a non-brokered private placement under the listed issuer financing exemption, has filed an amended offering document relating to the offering dated as of today's date. The maximum amount being offered under the offering has been increased from $500,000 to $550,000. The company now intends to offer a maximum of 1,833,333 units (increased from 1,666,667 units) of the company at a price of 30 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, provided that if the closing price of the common shares on the Canadian Securities Exchange is at or above 60 cents for 10 consecutive trading days, then the expiry date for the warrants will be automatically accelerated to the date which is 30 days after the date the company provides notice of such acceleration to the holders of the warrants by issuing a news release.
The offering is scheduled to close on or about July 22, 2024. As disclosed in the offering document, the company may pay finders' fees in connection with the offering. The company intends to use the net proceeds of the offering for exploration of its Spanish Mountain and Junker properties, marketing/investor relations and general working capital.
The offering document related to the offering can be accessed under the company's profile at SEDAR+. Prospective investors should read the offering document before making an investment decision.
About West Mining Corp.
West Mining is a mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is 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 2021 NI 43-101 resource estimate for Kena gave 561,900 ounces gold indicated and 2,773,100 ounces gold inferred in the Gold Mountain, Kena Gold and Daylight zones. 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 company also holds a 100-per-cent interest in its Spanish Mountain and Junker properties.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.