- West High Yield (W.H.Y.) Resources announced two private offerings for total gross proceeds of up to $1.25 million
- The first offering will consist of up to 1,500,000 flow-through units for gross proceeds of up to $750,000
- The second offering will consist of up to 1,190,476 units for gross proceeds of up to $500,000
- West High Yield is a junior mining company focused on the exploration and development of mineral resource properties in Canada
- West High Yield Resources (WHY) opened trading at C$0.43
West High Yield (W.H.Y.) Resources announced two private offerings for total gross proceeds of up to $1.25 million.
The first offering will consist of up to 1,500,000 flow-through units at C$0.50 per unit for gross proceeds of up to $750,000. Each FT unit will include one FT common share and one-half of one share FT share purchase warrant. Each warrant will entitle the holder to acquire one additional common share for a period of eighteen months.
The second offering will consist of up to 1,190,476 units of $0.42 per unit for gross proceeds of up to $500,000. Each unit will include one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share for a period of twenty-four months.
The proceeds will be used for general working capital and exploration expenses.
The offerings are subject to the receipt of all necessary approvals, including the acceptance and approval of the TSXV.
All securities issued are subject to a statutory four-month hold period.
West High Yield is a junior mining company focused on the exploration and development of mineral resource properties in Canada with a primary focus on its Record Ridge magnesium, silica, and nickel deposit using green processing techniques to minimize waste and CO2 emissions.
West High Yield Resources (WHY) opened trading at C$0.43.