West High Yield Resources

Published : September 30th, 2015

West High Yield Announces Convertible Debt Private Placement

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Keywords :   Canada | Debt | Gold | Magnesium | Nickel |

West High Yield Announces Convertible Debt Private Placement

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WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. NEWS RELEASE

For Immediate Release September 14, 2015 Calgary, Alberta TSXV Trading Symbol: WHY 52,083,473 Common Shares Issued


WEST HIGH YIELD ANNOUNCES CONVERTIBLE DEBT PRIVATE PLACEMENT


CALGARY, ALBERTA -September 14, 2015. West High Yield (W.H.Y.) Resources Ltd. ('West High Yield' or the 'Company') announces a non-brokered Private Placement of up to $25,000 US Dollars of Convertible Debentures. Each Unit is a

$12,500.00 US Dollars Unsecured Convertible Debenture with a one year term from date of issue, earns interest at 12% per annum and convertible to Common Shares at a conversion price of $0.30 US at the holders discretion throughout the term. 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 consulting fees associated with a proposed agreement with a US based investment banking advisory firm to support the Company's effort to secure capital to develop its Record Ridge Magnesium project.


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.


For further information please contact:


Frank Marasco

President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 257-2637

Facsimile: (403) 206-7159 Email: [email protected]


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.

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

West High Yield Resources

EXPLORATION STAGE
CODE : WHY.V
ISIN : CA9532641086
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WHY Resources is a exploration company based in Canada.

Its main exploration property is ROSSLAND MINING CAMP in Canada.

WHY Resources is listed in Canada. Its market capitalisation is CA$ 10.2 millions as of today (US$ 7.5 millions, € 6.8 millions).

Its stock quote reached its highest recent level on October 05, 2017 at CA$ 3.80, and its lowest recent point on April 01, 2020 at CA$ 0.07.

WHY Resources has 53 598 624 shares outstanding.

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Financings of West High Yield Resources
4/17/2015Announces Private Placement
9/27/2013Closes Private Placement
Option Grants of West High Yield Resources
5/27/2011Retains Macam Investor Relations
Financials of West High Yield Resources
4/19/2013Announces Year End 2012 Annual Audited Financial Results
4/26/2011Announces Year End 2010 Audited Financial Results
Project news of West High Yield Resources
6/4/2013Announces Results of Preliminary Economic Assessment
1/22/2013s Status of Anticipated Preliminary Economic Assessment and ...
9/16/2009(Rossland Mining Camp)Additional 2009 Gold Drilling Program and Closing of First T...
Corporate news of West High Yield Resources
6/2/2016West High Yield Announces Corporate Developments
5/4/2016West High Yield Appoints Corporate Secretary and Grants Stoc...
5/4/2016West High Yield Announces Completion of Private Placement an...
3/21/2016West High Yield Announces Private Placement
11/27/2015West High Yield Releases Financial Results and Holds Annual ...
11/4/2015West High Yield Announces Two 10,000 Tonne Bulk Sample Permi...
11/3/2015West High Yield Announces Two 10,000 Tonne Bulk Sample Permi...
9/30/2015West High Yield Announces Convertible Debt Private Placement
9/30/2015West High Yield Grants Stock Options
9/14/2015West High Yield Announces Convertible Debt Private Placement
9/4/2015West High Yield Grants Stock Options
8/28/2015West High Yield Releases Financial Results
7/16/2015West High Yield Announces Private Placement Closing
4/17/2015West High Yield Announces Private Placement
1/30/2015West High Yield Announces Private Placement
12/29/2014West High Yield Grants Stock Options
11/19/2014West High Yield Releases Financial Results
10/27/2014West High Yield Releases Sample Testing Results
10/6/2014West High Yield Provides Corporate Update
9/17/2014West High Yield Closes Private Placement
8/15/2014West High Yield Releases Financial Results
7/31/2014West High Yield Announces Private Placement
5/22/2014West High Yield Releases 2013 Financial Results
4/24/2014West High Yield Releases 2013 Financial Results
8/9/2013Releases Second Quarter 2013 Financial Results and Proposed ...
7/9/2013Announces Corporate Developments
6/30/2011Announces Closing of Private Placement with the MineralField...
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