Mr. Nader Vatanchi reports
WEST MINING ISSUES SHARES TO SETTLE OUTSTANDING DEBT
West Mining Corp. has closed its previously announced debt settlement transaction (see the company's news release dated July 29, 2024), issuing 115,385 common shares of the company to an arm's-length creditor at a deemed price of 26 cents per share to settle an aggregate of $30,000 in outstanding debt owed by the company. The shares are subject to a four-month hold period, expiring Dec. 7, 2024, 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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