- West High Yield Resources (WHY) has announced a brokered private placement offering for aggregate gross proceeds of up to $2,500,000
- The company will issue up to 2,976,190 units at a price of $0.84 per unit
- Proceeds will be used to support the 2022 gold drilling program on its Midnight property in Rossland B.C.
- West High Yield is a Canadian-based mining exploration and development company
- West High Yield Resources Ltd. (WHY) opened trading at C$0.84 per share
West High Yield Resources (WHY) has announced a brokered private placement offering for aggregate gross proceeds of up to $2,500,000.
The company will issue up to 2,976,190 units at a price of $0.84 per unit. Each unit will consist of one common share and one-half of a share purchase warrant. Each full warrant will entitle the holder to acquire one additional common share for $1.25 for a period of eighteen months.
GloRes Securities Inc. will act as the agent for the offering. The agent will receive a cash commission and broker warrants.
The offering is subject to certain closing conditions including the receipt of all necessary approvals, including the acceptance and approval of the TSXV. All securities issued are subject to a four-month statutory hold period.
Proceeds will be used to support the 2022 gold drilling program on its Midnight property in Rossland B.C.
West High Yield is focused on the acquisition, exploration and development of mineral resource properties in Canada.
West High Yield Resources Ltd. (WHY) opened trading at C$0.84 per share.
