Mr. Frank Marasco reports
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES EXERCISE OF WARRANTS
West High Yield (W.H.Y.) Resources Ltd. has provided an update on the exercise of share purchase warrants of the company.
Two holders of warrants exercised an aggregate of 525,000 warrants, resulting in the issuance of 525,000 common shares of the company. The specific warrants held and exercised by the one warrantholder were exercisable at a price of 30 cents per warrant, resulting in proceeds to the company in the amount of $157,500 upon such exercise.
Three holders of warrants exercised an aggregate of 73,478 warrants, resulting in the issuance of 73,478 common shares of the company. The specific warrants held and exercised by the two warrantholders were exercisable at a price of 35 cents per warrant, resulting in proceeds to the company in the amount of $25,717.30 upon such exercise.
The total gross proceeds to the company from the combined exercise of 30-cent warrants and 35-cent warrants was $183,217.30.
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) deposit using green processing techniques to minimize waste and CO2 (carbon dioxide) emissions.
The company's Record Ridge critical mineral 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 (titled "Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada") prepared by SRK Consulting (Canada) Inc. on April 18, 2013, in accordance with NI 43-101 and which can be found on the company's profile SEDAR+.
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