{"id":48373,"date":"2024-01-16T00:29:06","date_gmt":"2024-01-16T00:29:06","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/west-mining-issues-stock-options-and-rsus\/"},"modified":"2024-01-16T00:29:06","modified_gmt":"2024-01-16T00:29:06","slug":"west-mining-issues-stock-options-and-rsus","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/west-mining-issues-stock-options-and-rsus\/","title":{"rendered":"WEST MINING ISSUES STOCK OPTIONS AND RSUS"},"content":{"rendered":"
\n

Vancouver, BC, Jan. 15, 2024 (GLOBE NEWSWIRE) — West Mining Corp. <\/strong>(\u201cWest\u201d or the \u201cCompany\u201d) (CSE: WEST) (OTC: WESMF) <\/strong>announces that it has issued an aggregate of 550,000 stock options to consultants to the Company and an aggregate of 100,000 restricted share units (each, an \u201cRSU\u201d) to certain directors and officers of the Company. Each option is exercisable for one common share of the Company at a price of $0.26 for five years. The stock options and the RSUs vest immediately. The stock options, the RSUs and any common shares issuable thereunder are subject to a four month hold period in accordance with the policies of the Canadian Securities Exchange.<\/p>\n

The issuance of the RSUs is considered to be a \u201crelated party transaction\u201d as defined under Multilateral Instrument 61-101 (\u201cMI 61-101\u201d). It is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the transaction does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.<\/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.\u00a0\u00a0It\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>\u00a0accuracy<\/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, Jan. 15, 2024 (GLOBE NEWSWIRE) — West Mining Corp. (\u201cWest\u201d or the \u201cCompany\u201d) (CSE: WEST) (OTC: WESMF) announces that it has issued an aggregate of 550,000 stock options to consultants to the Company and an aggregate of 100,000 restricted share units (each, an \u201cRSU\u201d) to certain directors and officers of the Company. Each […]<\/p>\n","protected":false},"author":2,"featured_media":48374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"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-48373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t