West Mining Closes Private Placement
West Mining Corp (CSE:WEST, OTC:WESMF) has successfully closed its non-brokered private placement, raising $549,510 through the issuance of 1,831,700 units at $0.30 per unit. Each unit comprises one common share and one transferable share purchase warrant, exercisable at $0.40 until July 22, 2026. The company will use the proceeds for exploration of its Spanish Mountain and Junker properties, marketing/investor relations, and general working capital.
In connection with the financing, West Mining paid $53,001 in finder's fees and issued 176,670 finder's warrants. The company's flagship project is the 9000-hectare Kena Project near Nelson, British Columbia, which includes a 2021 NI43-101 resource estimate of 561,900 oz Au indicated and 2,773,100 oz Au inferred.
West Mining Corp (CSE:WEST, OTC:WESMF) ha concluso con successo il suo collocamento privato non mediato, raccogliendo $549,510 tramite l'emissione di 1,831,700 unità a $0.30 ciascuna. Ogni unità comprende una azione comune e un warrant di acquisto azioni trasferibile, esercitabile a $0.40 fino al 22 luglio 2026. La società utilizzerà i proventi per l'esplorazione delle sue proprietà Spanish Mountain e Junker, marketing/relazioni con gli investitori e capitale operativo generale.
In connessione con il finanziamento, West Mining ha pagato $53,001 come commissioni per intermediazione e ha emesso 176,670 warrant per intermediari. Il progetto di punta della società è il Progetto Kena di 9000 ettari vicino a Nelson, British Columbia, che include una stima delle risorse NI43-101 del 2021 di 561,900 oz Au indicate e 2,773,100 oz Au inferite.
West Mining Corp (CSE:WEST, OTC:WESMF) ha cerrado con éxito su colocación privada sin intermediarios, recaudando $549,510 a través de la emisión de 1,831,700 unidades a $0.30 por unidad. Cada unidad comprende una acción común y un warrant de compra de acciones transferible, que se puede ejercer a $0.40 hasta el 22 de julio de 2026. La compañía utilizará los fondos para la exploración de sus propiedades Spanish Mountain y Junker, marketing/relaciones con inversores y capital operativo general.
En relación con el financiamiento, West Mining pagó $53,001 en comisiones de intermediación y emitió 176,670 warrants para intermediarios. El proyecto insignia de la compañía es el Proyecto Kena de 9000 hectáreas cerca de Nelson, Columbia Británica, que incluye una estimación de recursos NI43-101 de 561,900 oz Au indicadas y 2,773,100 oz Au inferidas.
West Mining Corp (CSE:WEST, OTC:WESMF)는 비중개 사모금융을 성공적으로 완료하여 $549,510를 1,831,700개 단위를 개당 $0.30에 발행하여 모금했습니다. 각 단위는 하나의 보통주와 하나의 양도 가능한 주식 매수 권리를 포함하고 있으며, 이는 2026년 7월 22일까지 $0.40에 행사할 수 있습니다. 회사는 Spanish Mountain 및 Junker 자산 탐사, 마케팅/투자자 관계, 일반 운영 자본을 위해 수익금을 사용할 것입니다.
자금 조달과 관련하여 West Mining은 $53,001의 중개 수수료를 지불하고 176,670개의 중개권을 발행했습니다. 회사의 주력 프로젝트는 브리티시컬럼비아주 넬슨 근처에 위치한 9000헥타르 규모의 Kena 프로젝트로, 2021년 NI43-101 자원 평가에 따르면 561,900 oz Au로 표시된 자원과 2,773,100 oz Au로 추정된 자원이 포함되어 있습니다.
West Mining Corp (CSE:WEST, OTC:WESMF) a clôturé avec succès son placement privé sans intermédiaire, levant $549,510 grâce à l'émission de 1,831,700 unités à $0.30 par unité. Chaque unité comprend une action ordinaire et un bon de souscription d'actions transférable, exerçable à $0.40 jusqu'au 22 juillet 2026. La société utilisera le produit pour l'exploration de ses propriétés Spanish Mountain et Junker, le marketing/les relations aux investisseurs et le fonds de roulement général.
En lien avec le financement, West Mining a payé $53,001 en frais de courtage et a émis 176,670 bons de courtage. Le projet phare de la société est le projet Kena de 9000 hectares près de Nelson, Colombie-Britannique, qui comprend une estimation des ressources NI43-101 de 561,900 oz Au indiqués et 2,773,100 oz Au inférés.
West Mining Corp (CSE:WEST, OTC:WESMF) hat erfolgreich seine nicht vermittelte Privatplatzierung abgeschlossen und $549,510 durch die Emission von 1,831,700 Einheiten zu je $0.30 gesammelt. Jede Einheit besteht aus einer Stammaktie und einem übertragbaren Optionsschein, der bis zum 22. Juli 2026 zu $0.40 ausgeübt werden kann. Das Unternehmen wird die Einnahmen für die Erkundung seiner Spanish Mountain und Junker Grundstücke, Marketing/Investor Relations und allgemeine Betriebsaufnahme verwenden.
Im Zusammenhang mit der Finanzierung zahlte West Mining $53,001 an Findergebühren und gab 176,670 Finderwarrants aus. Das Flaggschiff-Projekt des Unternehmens ist das 9000 Hektar große Kena-Projekt in der Nähe von Nelson, British Columbia, das eine Ressourcenschätzung gemäß NI43-101 aus dem Jahr 2021 von 561,900 oz Au angezeigten und 2,773,100 oz Au geschätzten Ressourcen umfasst.
- Successful private placement raising $549,510
- Proceeds to be used for exploration of Spanish Mountain and Junker properties
- Kena Project has significant gold resources: 561,900 oz Au indicated and 2,773,100 oz Au inferred
- Issuance of new shares and warrants may lead to potential dilution for existing shareholders
VANCOUVER, BC / ACCESSWIRE / July 22, 2024 / West Mining Corp. ("West" or the "Company") (CSE:WEST)(OTC PINK:WESMF)(FRA:1HL) is pleased to announce that it closed its previously announced non-brokered private placement (the "Financing"), raising gross proceeds of
Each unit consists of one common share and one transferable share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of
In connection with the Financing, the Company paid finder's fees of
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or "U.S. Persons", as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
About West Mining Corp.
West Mining Corp. is a mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is its
For additional information, please refer to the Company's public disclosure record available on SEDAR+ at www.sedarplus.com.
West Mining Corp.
Nader Vatanchi
778-881-4631
nadervatanchi@hotmail.com
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Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to the Company, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties and assumptions, including, without limitation: the potential of the Company's mineral properties; the estimation of capital requirements; the estimation of operating costs; the timing and amount of future business expenditures; and the availability of necessary financing. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and exploration or operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward- looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.
SOURCE: West Mining Corp
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