West High Yield Releases Second Quarter 2013 Financial Results and Proposed Private Placement
August 09 2013 - 12:27PM
Marketwired Canada
West High Yield (W.H.Y.) Resources Ltd. ("West High Yield" or the "Company")
(TSX VENTURE:WHY) announces the release of its financial results andManagement
Discussion and Analysis ("MD&A") for the six months ended June 30, 2013. The
unaudited interim condensed financial statements and related MD&A for the six
months ended June 30, 2013 have been filed with Canadian securities regulatory
authorities on SEDAR at www.sedar.com.
The Company also announces a proposed non-brokered private placement of up to
$720,000 through the sale of up to 1,600,000 Units (the "Units") at a price of
$0.45 per Unit. Each Unit will consist of one (1) Common Share ("Common Share")
in the capital of the Company and one (1) Common Share Purchase Warrant
("Warrant"). Ten full Warrants will entitle the holder to purchase one (1)
Common Share of the Company at an exercise price of $0.60 for a period of one
year the from the date of issue (the "Warrant Term"). The Company may pay
finder's fees to qualified arm's length third parties. The private placement is
subject to receipt of all necessary regulatory approvals including final
approval of the TSX Venture Exchange. The private placement is expected to close
on or before September 19, 2013. The proceeds of the private placement will be
used for general corporate purposes and working capital.
About West High Yield
West High Yield is a publicly traded junior mining exploration company focused
on the acquisition, exploration and development of mineral resource properties
in Canada with a primary objective to locate and develop economic gold, nickel
and magnesium properties.
Reader Advisory
Neither the TSX Venture Exchange nor its regulation services provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
47,571,228 Common Shares Issued
FOR FURTHER INFORMATION PLEASE CONTACT:
West High Yield (W.H.Y.) Resources Ltd.
Frank Marasco
President and Chief Executive Officer
(403) 660-3488
(403) 206-7159 (FAX)
frank@whyresources.com
West High Yield (W.H.Y.) Resources Ltd.
Dwayne Vinck
Chief Financial Officer
(403) 257-2637
(403) 206-7159 (FAX)
vinck@shaw.ca
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