West High Yield closes financing at $952,553

Feb 14, 2018

2018-02-13 17:11 ET – News Release

Mr. Frank Marasco reports

WEST HIGH YIELD UPDATES CLOSING OF PRIVATE PLACEMENT

On Jan. 31, 2018, West High Yield (WHY) Resources Ltd. announced that it had completed the first tranche of its previously announced non-brokered private placement of units by issuing an aggregate of 2,721,581 units at a price of 35 cents per unit for gross proceeds of $952,553.35. The company also announced that it expected that the balance of the private placement (approximately $600,000) would be completed on or before Feb. 12, 2018. The expected subscription funds were not received prior to Feb. 12, 2018, and, as a result, the company has filed final materials with the TSX Venture Exchange with respect to the first tranche only. The private placement remains subject to the final approval of the TSX Venture Exchange.

The net proceeds of the private placement will be used for general corporate purposes, and for the continuation of the environmental base line study, environmental assessment study, and mine plan and permit application, and industrial quarry permit application, for its Record Ridge deposit near Rossland, B.C. The industrial quarry permit sought under the Mines Act (British Columbia) will allow for the extraction and sale of up to 249,999 tonnes per annum of industrial rock. The company is also in the process of developing potential customers with processing facilities and the ability to process the industrial rock. It is anticipated that industrial rock sales will provide cash flows from operations while continued mine plan and permit application efforts are being made.

About West High Yield (WHY) Resources Ltd.

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.

We seek Safe Harbor.

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