West Mining Closes Over-Subscribed Financing

Executive Summary

• West Mining Corp. closed a non‑brokered private placement, raising gross proceeds of $632,858.
• The financing consisted of 12,054,429 units sold at $0.0525 per unit, each unit containing one common share and one warrant exercisable at $0.07 until March 12 2028.
• Proceeds will be used for general working capital, mineral property costs, and marketing/investor‑relations services.

Key Details

• Units Issued: 12,054,429 units @ $0.0525 each → total gross proceeds $632,858.
• Unit Composition: 1 common share + 1 transferable warrant (exercise price $0.07, expiry March 12 2028).
• Finder’s Fees: $45,061 paid to agreement finders.
• Finder’s Warrants Issued: 588,300 warrants exercisable at $0.0525 per share until March 12 2028.
• Hold Period: All securities subject to a four‑month hold period expiring July 13 2026 under Canadian securities law.
• 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.)