West High changes private placement offering to $2.5M
2020-11-23 10:41 ET – News Release
Mr. Frank Marasco reports
WEST HIGH YIELD ANNOUNCES RELEASE OF THIRD QUARTER FINANCIAL RESULTS AND MODIFIES PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT
West High Yield (WHY) Resources Ltd. has released its third quarter financial results which have been filed with Canadian securities regulatory authorities under the company’s profile on SEDAR.
The company also announces modifications to its previously announced private placements and advises that the company is now offering a single non-brokered private placement. The offering is a private placement of up to $2.5-million for 12.5 million units of the company comprising 12.5 million common shares and 12.5 million common share purchase warrants. Each unit is priced at 20 cents per unit. The warrants expire 12 months from the date of issue and two warrants together with 30 cents will entitle the holder to acquire one additional common share of the company. The minimum subscription on the offering is $5,000. The proceeds from the sale of the units will be used to finance the company’s completion of the 22 drill holes on its Midnight gold claim, the advancement of the permit for the Record Ridge magnesium asset and for general working capital.
Closing of the offering is anticipated to occur on or before Dec. 30, 2020, and is subject to final receipt and approval of the TSX Venture Exchange. Finder’s fees may be payable to qualified agents in appropriate circumstances in connection with the offering.
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.