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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 $0.30 US at the holders discretion throughout the term. The Private Placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. The proceeds of the Private Placement will be used for consulting fees associated with a proposed agreement with a US based investment banking advisory firm to support the Company's effort to secure capital to develop its Record Ridge Magnesium project.
About West High Yield
West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel and magnesium properties.
For further information please contact:
Frank Marasco
President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 660-3488
Facsimile: (403) 206-7159
Dwayne Vinck
Chief Financial Officer
West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 257-2637
Facsimile: (403) 206-7159 Email: [email protected]
Reader Advisory
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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West High Yield Resources
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EXPLORATION STAGE |
CODE : WHY.V |
ISIN : CA9532641086 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
WHY Resources is a exploration company based in Canada. Its main exploration property is ROSSLAND MINING CAMP in Canada. WHY Resources is listed in Canada. Its market capitalisation is CA$ 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. |