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West Mining Corp (2)
Symbol WEST
Shares Issued 14,871,230
Close 2024-07-19 C$ 0.36
Market Cap C$ 5,353,643
Recent Sedar Documents

West Mining increases maximum offering to $550,000

2024-07-19 17:48 ET - News Release

Subject: West Mining - Press Release Word Document

File: '\\swfile\EmailIn\20240719 143414 Attachment West Mining - 2024-07-19 - NR re Amendment to LIFE filing.docx'

WEST MINING ANNOUNCES FILING OF AMENDED LISTED ISSUER FINANCING EXEMPTION OFFERING DOCUMENT

Vancouver, BC - July 19, 2024 - West Mining Corp. ("West" or the "Company") (CSE: WEST) (OTC: WESMF) (FRA: 1HL) announces, further to its news release dated June 24, 2024 announcing a non-brokered private placement (the "Offering") under the listed issuer financing exemption, the Company has filed an amended offering document relating to the Offering (the "Offering Document") 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 $0.30 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 $0.40 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 $0.60 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 finder's 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 www.sedarplus.ca and at https://www.westminingcorp.ca. Prospective investors should read the Offering Document before making an investment decision.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About West Mining Corp.

West Mining Corp. is a mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is its 100% owned, 9000-hectare prospective Kena Project located near Nelson, British Columbia. The Kena Project comprises three adjoining Properties: Kena, Daylight and Athabasca. A 2021 NI43-101 resource estimate for Kena gave 561,900 oz Au indicated and 2,773,100 oz Au 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% interest in its Spanish Mountain and Junker properties.

For additional information, please refer to the Company's public disclosure record available on SEDAR+ at www.sedarplus.ca.

West Mining Corp.

Nader Vatanchi

778-881-4631

nadervatanchi@hotmail.com

###

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties and assumptions, including, without limitation: the potential of the Company's mineral properties; the estimation of capital requirements; the estimation of operating costs; the timing and amount of future business expenditures; and the availability of necessary financing. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and exploration or operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward- looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

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