West High Yield Announces Private Placement
July 31 2014 - 1:37PM
Marketwired Canada
West High Yield (W.H.Y.) Resources Ltd. ("West High" or the "Company") (TSX
VENTURE:WHY) announces a non-brokered Private Placement of up to $600,000 of
Units. Each Unit is priced at $0.30 and consists of one (1) Common Share
("Common Share") and 1/10 of 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 $0.45 for a period of one year from the date
of issue. The Private Placement is subject to receipt of all necessary
regulatory approvals including final approval of the TSX Venture Exchange. The
proceeds of the Private Placement will be used for general corporate purposes,
working capital and obtaining permits for the sale of a 10,000 ton bulk sample
and gold reclamation. Closing is anticipated to take place on or before
September 10, 2014.
About West High
West High is a publicly traded intermediate 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. The Company is currently undertaking to develop its
magnesium property located in Rossland, British Columbia.
For further information please contact the officers below or visit the Company's
website at www.whyresources.com.
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.
This news release contains forward-looking statements. The Company has provided
the forward-looking statements in reliance on assumptions that it believes are
reasonable at this time. The reader is cautioned that the assumptions used in
the preparation of the forward-looking statements may prove to be incorrect. All
such forward-looking statements involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Company's control. Such risks and
uncertainties include, without limitation, delays resulting from or inability to
obtain required regulatory approval. The actual results, performance or
achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurances can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do, what benefits, including the amount of
proceeds, the Company will derive therefrom. Readers are cautioned that the
foregoing list of factors is not exhaustive.
49,276,093 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
www.whyresources.com
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