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West High Yield Resources

Publié le 21 mars 2016

West High Yield Announces Private Placement

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Mots clés associés :   Canada | Junior | Mines | Nickel |

West High Yield Announces Private Placement

afedba93-5cae-4d37-9dc1-736a4e28b512.pdf


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

For Immediate Release

March 21, 2016

Calgary, Alberta

TSXV Trading Symbol: WHY

52,083,473 Common Shares Issued


WEST HIGH YIELD ANNOUNCES PRIVATE PLACEMENT


CALGARY, ALBERTA -March 21, 2016. West High Yield (W.H.Y.) Resources Ltd. ("West High Yield" or the "Company") announces that it is proposing to complete a non- brokered private placement of common shares (each, a "Common Share") at a price of

$0.33 per Common Share for gross proceeds of up to $1,000,000. The private placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange.


The net proceeds of the private placement will be used for general corporate purposes, environmental study and mine plan development as required by the Environmental Assessment Certification and Mine Permit application processes and for the extraction and processing of 10,000 tonne bulk samples of magnesium and gold as approved by the British Columbia Ministry of Energy and Mines. The Company expects these operations to occur in the summer of 2016.


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

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the terms of the proposed non-brokered private placement of Common Share and the proposed use of proceeds. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct.

Page 2


Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

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 press release.

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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

West High Yield Resources

EXPLORATEUR
CODE : WHY.V
ISIN : CA9532641086
Suivi et investissement
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WHY Resources est une société d’exploration minière basée au Canada.

Son principal projet en exploration est ROSSLAND MINING CAMP au Canada.

WHY Resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 17,7 millions CA$ (12,9 millions US$, 12,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 05 octobre 2017 à 3,80 CA$, et son plus bas niveau récent le 01 avril 2020 à 0,07 CA$.

WHY Resources possède 53 598 624 actions en circulation.

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Financements de West High Yield Resources
17/04/2015Announces Private Placement
27/09/2013Closes Private Placement
Attributions d'options de West High Yield Resources
27/05/2011Retains Macam Investor Relations
Rapports Financiers de West High Yield Resources
19/04/2013Announces Year End 2012 Annual Audited Financial Results
26/04/2011Announces Year End 2010 Audited Financial Results
Projets de West High Yield Resources
04/06/2013Announces Results of Preliminary Economic Assessment
22/01/2013s Status of Anticipated Preliminary Economic Assessment and ...
16/09/2009(Rossland Mining Camp)Additional 2009 Gold Drilling Program and Closing of First T...
Communiqués de Presse de West High Yield Resources
02/06/2016West High Yield Announces Corporate Developments
04/05/2016West High Yield Appoints Corporate Secretary and Grants Stoc...
04/05/2016West High Yield Announces Completion of Private Placement an...
21/03/2016West High Yield Announces Private Placement
27/11/2015West High Yield Releases Financial Results and Holds Annual ...
04/11/2015West High Yield Announces Two 10,000 Tonne Bulk Sample Permi...
03/11/2015West High Yield Announces Two 10,000 Tonne Bulk Sample Permi...
30/09/2015West High Yield Announces Convertible Debt Private Placement
30/09/2015West High Yield Grants Stock Options
14/09/2015West High Yield Announces Convertible Debt Private Placement
04/09/2015West High Yield Grants Stock Options
28/08/2015West High Yield Releases Financial Results
16/07/2015West High Yield Announces Private Placement Closing
17/04/2015West High Yield Announces Private Placement
30/01/2015West High Yield Announces Private Placement
29/12/2014West High Yield Grants Stock Options
19/11/2014West High Yield Releases Financial Results
27/10/2014West High Yield Releases Sample Testing Results
06/10/2014West High Yield Provides Corporate Update
17/09/2014West High Yield Closes Private Placement
15/08/2014West High Yield Releases Financial Results
31/07/2014West High Yield Announces Private Placement
22/05/2014West High Yield Releases 2013 Financial Results
24/04/2014West High Yield Releases 2013 Financial Results
09/08/2013Releases Second Quarter 2013 Financial Results and Proposed ...
09/07/2013Announces Corporate Developments
30/06/2011Announces Closing of Private Placement with the MineralField...
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