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     145  0 Kommentare WEST MINING CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT

    Vancouver, BC, May 29, 2024 (GLOBE NEWSWIRE) -- 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 consists 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 of 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.

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    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 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 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.

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    WEST MINING CLOSES OVERSUBSCRIBED PRIVATE PLACEMENT Vancouver, BC, May 29, 2024 (GLOBE NEWSWIRE) - 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”), …

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