WEST Mining Closes Oversubscribed Private Placement
WEST MINING CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT
Vancouver, BC – May 29, 2024 – West Mining Corp. (“West” or the “Company”) (CSE: WEST)
(OTC: WESMF) (FRA: 1HL) is pleased to announce that it has closed its previously announced
non-brokered private placement (the “Financing”), raising gross proceeds of $825,000 through the
issuance of an aggregate of 4,125,000 units at a price of $0. 20 per unit. Each unit consist s of one
common share and one transferable share purchase warrant, with each warrant exercisable for one
common share at a price of $0.40 until May 30, 2026. In connection with the Financing, the Company
paid finder’s fees of $55,889 and issued an aggregate of 215,500 finder’s warrants, each exercisable
for one common share at a price of $0.20 until May 30, 2026. Securities issued under the Financing
are subject to a four month hold period expiring September 30, 2024, in accordance with applicable
Canadian securities laws. The Company intends to use the proceeds of the Financing for general
working capital.
The Company also announces that it has issued an aggregate of 400,000 common shares of the
Company at a price of $0.39 per share as consideration for advisory services that have been and will
continue to be provided to the Company by an arm’s length service provider. The shares are subject
to a four month hold period expiring September 30, 2024, in accordance with the policies of the
Canadian Securities Exchange.
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 o f 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 100% owned, 9000 hectare prospective Kena
Project located near Nelson, British Columbia. The Kena Projec t comprises three adjoining
Properties: Kena, Daylight and Athabasca. 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 Daylight property contains the historic past producing Daylight, Starlight,
Victoria, Irene and Great Eastern gold mines. Along trend to the north is the Athabasca Property,
with the historic Athabasca Gold Mine. The company also holds a 100% interest in its Spanish
Mountain and Junker properties.
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
CEO
778-881-4631
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The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of
this release.
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.