West Mining closes $632,858 private placement

Executive Summary

• West Mining Corp. closed an oversubscribed non‑brokered private placement, raising $632,858 in gross proceeds.
• The offering consisted of 12,054,429 units at $0.0525 per unit, each unit containing one common share and one transferable warrant exercisable at $0.07 until 12 Mar 2028.
• Proceeds will be allocated to general working capital, mineral property expenses, and marketing/investor‑relations activities.

Key Details

• Units Issued: 12,054,429 units (each = 1 common share + 1 warrant).
• Pricing: $0.0525 per unit; total gross proceeds of $632,858.
• Warrant Terms: Each warrant exercisable for one common share at $0.07, valid until 12 Mar 2028.
• Finder’s Fees: $45,061 paid to agreement finders.
• Finder’s Warrants Issued: 588,300 warrants, each exercisable for one common share at $0.0525 until 12 Mar 2028.
• Hold Period: All securities subject to a four‑month hold period expiring 13 Jul 2026, per Canadian securities regulations.
• Use of Proceeds: General working capital, mineral property costs, and marketing/investor relations services.

Notable Quotes

(No direct quotes were provided in the release.)