West Mining Announces Financing

Executive Summary

• West Mining Corp. announced a non‑brokered private placement to raise up to $600,000 by issuing 11,428,571 units at $0.0525 per unit.
• Each unit consists of one common share and one transferable warrant allowing purchase of an additional share at $0.07 for two years.
• Proceeds are earmarked for general working capital, mineral property costs, and marketing/investor‑relations services.

Key Details

• Units Offered: Up to 11,428,571 units.
• Price per Unit: $0.0525.
• Gross Proceeds Target: Up to $600,000.
• Unit Composition:
• 1 common share of West Mining Corp.
• 1 transferable share purchase warrant (right to buy one additional common share at $0.07 for two years from issuance).
• Hold Period: Securities subject to a four‑month hold period under Canadian securities laws.
• Finder’s Fees: Company may pay finder’s fees in connection with the financing.
• Insider Participation: Insiders are permitted to participate in the placement.
• Use of Proceeds: General working capital, mineral property exploration and development costs, and marketing/investor‑relations activities.

Notable Quotes

(No executive quotes were included in the release.)