{"id":33166,"date":"2023-12-09T00:22:06","date_gmt":"2023-12-09T00:22:06","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/west-mining-announces-private-placement\/"},"modified":"2023-12-09T00:22:06","modified_gmt":"2023-12-09T00:22:06","slug":"west-mining-announces-private-placement","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/west-mining-announces-private-placement\/","title":{"rendered":"WEST MINING ANNOUNCES PRIVATE PLACEMENT"},"content":{"rendered":"
\n

Vancouver, BC, Dec. 08, 2023 (GLOBE NEWSWIRE) — West Mining Corp. <\/strong>(\u201cWest\u201d or the \u201cCompany\u201d) (CSE: WEST) (OTC: WESMF) <\/strong>is pleased to announce that it will be conducting a non-brokered private placement of up to $250,000 through the issuance of up to 5,000,000 units at a price of $0.05 per unit (the \u201cFinancing\u201d). Each unit will consist of one common share and one transferable share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.065 for a period of two years from the date of issuance. The Company may pay finder\u2019s fees in connection with the Financing. Securities issued under the Financing will be subject to a four month hold period in accordance with applicable Canadian securities laws. The Company intends to use the proceeds of the Financing for general working capital.<\/p>\n

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 \u201cU.S. Securities Act\u201d), 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 \u201cU.S. Persons\u201d, 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.<\/em><\/p>\n

The Company also announces that it has entered into a debt settlement agreement dated as of December 7, 2023 with an arm\u2019s length third party under which the Company will issue 750,000 common shares of the Company at a deemed price of $0.05 per share to settle $37,500 of debt owed to the third party for services previously provided. When issued, the shares will be subject to a four month hold period in accordance with applicable Canadian securities laws.<\/p>\n

About<\/u> West<\/u> Mining<\/u> Corp.<\/u><\/p>\n

West\u00a0Mining\u00a0Corp.\u00a0is\u00a0a\u00a0mineral\u00a0exploration\u00a0company\u00a0acquiring\u00a0and\u00a0developing advanced and early-stage\u00a0exploration\u00a0projects. It\u00a0is\u00a0fully\u00a0focused\u00a0on\u00a0its 100% owned, 9000 hectare prospective Kena Project located near Nelson, British Columbia. The Kena Project comprises three adjoining Properties:\u00a0 Kena, Daylight and Athabasca.\u00a0 A recent NI43-101 resource estimate for Kena gave 561,900 oz Au indicated and 2,773,100 oz Au inferred in the Gold Mountain, Kena Gold and Daylight Zones. The Kena Property also hosts the large Kena Copper Zone, along with with the historic Euphrates and Gold Cup gold-silver mines. The Daylight property contains the historic past producing Daylight, Starlight, Victoria, Irene and Great Eastern gold mines.\u00a0\u00a0Along\u00a0trend to the north is the Athabasca Property, with the historic Athabasca Gold Mine.\u00a0 The historic mines and known mineralized zones on these three properties are structurally controlled along a 20 kilometre strike as identified by strong geophysical signatures.<\/p>\n

For additional information, please refer to the Company\u2019s public disclosure record available on SEDAR+ at www.sedarplus.com<\/a>.<\/p>\n

West Mining Corp.<\/p>\n

Nader Vatanchi<\/p>\n

CEO<\/p>\n

nadervatanchi@hotmail.com<\/p>\n

###<\/p>\n

The<\/em><\/strong> Canadian<\/em><\/strong> Securities<\/em><\/strong> Exchange<\/em><\/strong> accepts<\/em><\/strong> no<\/em><\/strong> responsibility<\/em><\/strong> for<\/em><\/strong> the<\/em><\/strong> adequacy or <\/em><\/strong>accuracy<\/em><\/strong> of<\/em><\/strong> this<\/em><\/strong> release<\/em><\/strong>.<\/em><\/p>\n

Certain statements contained in this press release constitute \u201cforward-looking information\u201d as such term is defined<\/em> in applicable Canadian securities legislation. The words \u201cmay\u201d, \u201cwould\u201d, \u201ccould\u201d, \u201cshould\u201d, \u201cpotential\u201d, \u201cwill\u201d,<\/em> \u201cseek\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201cestimate\u201d, \u201cexpect\u201d and similar expressions as they relate to<\/em> the<\/em> Company,<\/em> are<\/em> intended<\/em> to<\/em> identify<\/em> forward-looking<\/em> information.<\/em> All<\/em> statements<\/em> other<\/em> than<\/em> statements<\/em> of<\/em> historical<\/em> fact may be forward-looking information. Such statements reflect the Company\u2019s current views and intentions with<\/em> respect<\/em> to<\/em> future<\/em> events,<\/em> and<\/em> current<\/em> information<\/em> available<\/em> to<\/em> them,<\/em> and<\/em> are<\/em> subject<\/em> to<\/em> certain<\/em> risks,<\/em> uncertainties<\/em> and<\/em> assumptions, including, without limitation: the potential of the Company\u2019s mineral properties; the estimation of<\/em> capital requirements; the estimation of operating costs; the timing and amount of future business expenditures; and<\/em> the<\/em> availability<\/em> of<\/em> necessary<\/em> financing.<\/em> Many<\/em> factors<\/em> could<\/em> cause<\/em> the<\/em> actual<\/em> results,<\/em> performance<\/em> or<\/em> achievements<\/em> that<\/em> may be expressed or implied by such forward-looking information to vary from those described herein should one or<\/em> more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic<\/em> conditions<\/em> or<\/em> financial<\/em> markets;<\/em> increases<\/em> in<\/em> costs;<\/em> litigation;<\/em> legislative,<\/em> environmental<\/em> and<\/em> other<\/em> judicial,<\/em> regulatory, political and competitive developments; and<\/em> exploration or operational difficulties. This list is not<\/em> exhaustive of the factors that may affect forward-looking information. These and other factors should be considered<\/em> carefully,<\/em> and<\/em> readers<\/em> should<\/em> not<\/em> place<\/em> undue<\/em> reliance<\/em> on<\/em> such<\/em> forward-looking<\/em> information.<\/em> Should<\/em> any<\/em> factor<\/em> affect<\/em> the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove<\/em> incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-<\/em> looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does<\/em> not<\/em> assume<\/em> responsibility<\/em> for<\/em> the<\/em> accuracy<\/em> or<\/em> completeness<\/em> of<\/em> such<\/em> forward-looking<\/em> information.<\/em> The<\/em> forward-looking<\/em> information<\/em> included<\/em> in<\/em> this press<\/em> release<\/em> is<\/em> made<\/em> as<\/em> of<\/em> the<\/em> date<\/em> of<\/em> this<\/em> press<\/em> release<\/em> and<\/em> the<\/em> Company<\/em> undertakes no<\/em> obligation<\/em> to<\/em> publicly update<\/em> or<\/em> revise any forward-looking information,<\/em> other<\/em> than as<\/em> required<\/em> by applicable law.<\/em><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

Vancouver, BC, Dec. 08, 2023 (GLOBE NEWSWIRE) — West Mining Corp. (\u201cWest\u201d or the \u201cCompany\u201d) (CSE: WEST) (OTC: WESMF) is pleased to announce that it will be conducting a non-brokered private placement of up to $250,000 through the issuance of up to 5,000,000 units at a price of $0.05 per unit (the \u201cFinancing\u201d). Each unit […]<\/p>\n","protected":false},"author":2,"featured_media":33167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/e345506b-dc58-44ca-b340-61d46377a893","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-33166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/33166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=33166"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/33166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/33167"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=33166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=33166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=33166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}