West Mining Issues Stock Options and RSUs
WEST MINING ISSUES STOCK OPTIONS AND RSUS
Vancouver, BC – January 15, 2024 – West Mining Corp. (“ West” or the “Company ”) (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 “RSU”) 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.
The issuance of the RSUs is considered to be a “related party transaction” as defined under
Multilateral Instrument 61-101 (“MI 61-101”). 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.
About West Mining Corp.
West Mining Corp. is a mineral exploration company acquiring and developing advanced and early-
stage exploration projects. It is fully focused on its 100% owned, 9000 hectare prospective Kena
Project located near Nelson, British Columbia. The Kena Project 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 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. Along trend to the north
is the Athabasca Property, with the historic Athabasca Gold Mine. 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.
For additional information, please refer to the Company’s public disclosure record available on
SEDAR+ at www.sedarplus.com.
West Mining Corp.
Nader Vatanchi
CEO
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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.