West Mining Issues Shares to Settle Outstanding Debt
West Mining Corp. (CSE:WEST, OTC PINK:WESMF, FRA:1HL) has successfully closed its previously announced debt settlement transaction. The company issued 115,385 common shares to an arm's length creditor at a deemed price of $0.26 per share, settling an outstanding debt of $30,000. This issuance is subject to a four-month hold period ending December 7, 2024, in compliance with applicable securities laws and Canadian Securities Exchange policies.
West Mining Corp. (CSE:WEST, OTC PINK:WESMF, FRA:1HL) ha chiuso con successo la transazione di liquidazione del debito precedentemente annunciata. L'azienda ha emesso 115.385 azioni ordinarie a un creditore terzo a un prezzo stimato di 0,26 $ per azione, saldando una esposizione debitoria di 30.000 $. Questa emissione è soggetta a un periodo di blocco di quattro mesi che terminerà il 7 dicembre 2024, in conformità con le leggi sui titoli applicabili e le politiche della Canadian Securities Exchange.
West Mining Corp. (CSE:WEST, OTC PINK:WESMF, FRA:1HL) ha cerrado con éxito la transacción de liquidación de deudas previamente anunciada. La compañía emitió 115,385 acciones comunes a un acreedor independiente a un precio considerado de $0.26 por acción, saldando una deuda pendiente de $30,000. Esta emisión está sujeta a un período de retención de cuatro meses que finalizará el 7 de diciembre de 2024, en cumplimiento de las leyes de valores aplicables y las políticas de la Bolsa de Valores de Canadá.
West Mining Corp. (CSE:WEST, OTC PINK:WESMF, FRA:1HL)는 이전에 발표된 채무 정산 거래를 성공적으로 마쳤습니다. 회사는 115,385 주식을 독립적인 채권자에게 주당 $0.26의 가격으로 발행하여 $30,000의 미지급 채무를 정산했습니다. 이 발행은 적용 가능한 증권법 및 캐나다 증권 거래소 정책을 준수하여 2024년 12월 7일에 종료되는 4개월 보유 기간의 적용을 받습니다.
West Mining Corp. (CSE:WEST, OTC PINK:WESMF, FRA:1HL) a réussi à finaliser la transaction de règlement de dette précédemment annoncée. La société a émis 115 385 actions ordinaires à un créancier non apparenté à un prix estimé de 0,26 $ par action, soldant une dette d'un montant de 30 000 $. Cette émission est soumise à une période de blocage de quatre mois se terminant le 7 décembre 2024, en conformité avec les lois sur les valeurs mobilières applicables et les politiques de la Bourse canadienne.
West Mining Corp. (CSE:WEST, OTC PINK:WESMF, FRA:1HL) hat erfolgreich die zuvor angekündigte Schuldenbereinigungstransaktion abgeschlossen. Das Unternehmen hat 115.385 Stammaktien an einen unverbundenen Gläubiger zu einem angenommenen Preis von 0,26 $ pro Aktie ausgegeben und damit eine ausstehende Schuld von 30.000 $ beglichen. Diese Ausgabe unterliegt einer viermonatigen Haltedauer, die am 7. Dezember 2024 endet, und erfolgt in Übereinstimmung mit den geltenden Wertpapiergesetzen und den Richtlinien der Canadian Securities Exchange.
- Successful settlement of $30,000 in outstanding debt
- Debt settled through share issuance, preserving cash reserves
- Potential dilution of existing shareholders' ownership due to new share issuance
VANCOUVER, BC / ACCESSWIRE / August 6, 2024 / West Mining Corp. ("West" or the "Company") (CSE:WEST)(OTC PINK:WESMF)(FRA:1HL) is pleased to announce that it has closed its previously announced debt settlement transaction (see the Company's news release dated July 29, 2024), issuing 115,385 common shares of the Company ("Shares") to an arm's length creditor at a deemed price of
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.
Contact Information
Nader Vatanchi
CEO
nadervatanchi@hotmail.com
778-881-4631
SOURCE: West Mining Corp.
View the original press release on accesswire.com
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