West Mining arranges $600,000 private placement

Executive Summary

• West Mining Corp. announced a non-brokered private placement for gross proceeds of up to $600,000.
• The company will issue up to 11,428,571 units at a price of 5.25 cents per unit.
• Proceeds are intended for general working capital, mineral property costs, and marketing/investor relations.

Key Details

• Transaction Structure: Non-brokered private placement.
• Gross Proceeds: Up to $600,000.
• Units Issued: Up to 11,428,571 units.
• Price Per Unit: 5.25 cents.
• Warrant Terms: Each unit includes one transferable share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of 7 cents.
• Warrant Expiration: Two years from the date of issuance.
• Hold Period: Four-month hold period applies to securities issued under the financing, per Canadian securities laws.
• Use of Proceeds: General working capital, mineral property costs, and marketing/investor relations services.
• Participation: Insiders of the company may participate in the financing.
• Finders' Fees: The company may pay finders' fees in connection with the financing.