19:57:07 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



West High Yield (WHY) Resources Ltd
Symbol WHY
Shares Issued 84,262,051
Close 2023-10-12 C$ 0.225
Market Cap C$ 18,958,961
Recent Sedar Documents

West High Yield closes $519,605 tranche of financing

2023-10-12 14:22 ET - News Release

Mr. Frank Marasco reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES FIRST TRANCHE CLOSING OF PRIVATE PLACEMENT

Further to its news releases of Sept. 13, 2023, and Sept. 26, 2023, West High Yield (W.H.Y.) Resources Ltd. has closed the first tranche of its previously announced private placement offering of units.

The closing consisted of the issuance of 2,259,152 units for gross proceeds of $519,605.04. The units were issued at a price of 23 cents per unit, and each unit consists of one common share of the company and one common share purchase warrant. Each warrant, together with 35 cents, entitles the holder thereof to acquire one additional common share until Oct. 12, 2025. The company did not pay any finder's fee or issue any warrants to finders in connection with the closing.

The proceeds from the closing will be used for supporting the company's pilot testing project, concluding its permitting process, covering essential operations, and for general working capital purposes and expenses.

About West High Yield (W.H.Y.) Resources Ltd.

West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium, silica and nickel deposit using green processing techniques to minimize waste and CO2 (carbon dioxide) emissions.

The company's Record Ridge magnesium deposit, located 10 kilometres southwest of Rossland, B.C., has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101, Standards of Disclosure for Mineral Projects, preliminary economic assessment technical report prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101.

We seek Safe Harbor.

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