15:58:32 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



West High Yield (WHY) Resources Ltd
Symbol WHY
Shares Issued 91,591,621
Close 2024-03-27 C$ 0.245
Market Cap C$ 22,439,947
Recent Sedar Documents

West High Yield grants options to buy 1.57 M shares

2024-03-27 13:33 ET - News Release

Mr. Frank Marasco reports

WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES STOCK OPTION GRANT

West High Yield (W.H.Y.) Resources Ltd. board of directors has approved and authorized the grant and issuance of a total of 1,578,000 stock options, effective March 25, 2024.

Of the options, 1.16 million were issued to the members of the board of directors of the company; 60,000 were issued to one officer of the company; and 403,000 were issued to four different consultants of the company. One option entitles the holder thereof to purchase one common share of the company. All of the options vest on their date of grant and have a term of 10 years from their date of grant. The exercise price of the options was set at 23 cents per share, which was above the closing trading price of the shares on the TSX Venture Exchange on their date of grant.

The grant of the options is subject to the approval of the TSX Venture Exchange.

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

West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral magnesium, silica and nickel deposits 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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