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West Mining Corp (2)
Symbol WEST
Shares Issued 17,252,930
Close 2024-07-26 C$ 0.345
Market Cap C$ 5,952,261
Recent Sedar Documents

West Mining to settle $30,000 debt with 115,385 shares

2024-07-29 09:00 ET - News Release

Mr. Nader Vatanchi reports

WEST MINING TO SETTLE OUTSTANDING DEBT WITH SHARES

West Mining Corp. will enter into a debt settlement agreement with a creditor of the company, pursuant to which the company will issue an aggregate of 115,385 common shares of the company to the creditor at a deemed price of 26 cents per share to settle an aggregate of $30,000 in outstanding debt owed by the company. When issued, the shares will be subject to a four-month hold period, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

About West Mining Corp.

West Mining is a mineral exploration company acquiring and developing advanced-stage 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 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 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 a 100-per-cent interest in its Spanish Mountain and Junker properties.

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