15:52:34 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



West High Yield (WHY) Resources Ltd
Symbol WHY
Shares Issued 87,680,726
Close 2023-10-25 C$ 0.235
Market Cap C$ 20,604,971
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West High Yield hires ACS for consulting services

2023-10-26 13:13 ET - News Release

Mr. Frank Marasco reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES TERMS OF CONSULTANCY MANDATE AGREEMENT

West High Yield (W.H.Y.) Resources Ltd. has engaged ACS Moschner & Co GmbH, a company based out of Vienna, Austria, to provide exclusive consulting services in an effort to explore alternative growth options and realize the full potential for the company, pursuant to a consultancy mandate agreement in compliance with the applicable policies of the TSX Venture Exchange.

For the provision of service rendered by ACS under the agreement, the company will pay ACS a success fee calculated as a percentage of the transaction value of all monies or consideration received by the company via candidates sourced and introduced to the company by ACS, who successfully enter into an investment or purchase or other partnership agreement with the company. The agreement will be in effect for a period of one year, and both parties shall have the ability to extend the initial term by mutual consent for further one-year term extensions thereafter, contingent upon ACS's performance. If the parties do not exercise their mutual intention to extend the agreement after expiration of the initial term, the agreement terminates.

ACS does not have any interest, directly or indirectly, in the company, will not receive common shares or options as compensation, and does not have any present intention to acquire any securities of the company aside from as is necessary to perform its obligations under the agreement.

ACS is part of ACS Group, an international, cross-border association of independent consulting companies represented on each continent. Holding the actual presidency of ACS Group, ACS will co-ordinate the efforts of ACS Group in this mandate. For decades, ACS has excelled in supporting the development of companies across all stages of the business life cycle. Its head office is located at Wiesingerstr. 6/7, A-1010, Vienna, Austria.

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 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.

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