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West High Yield arranges $600,000 private placement

Jul 31, 2014

WEST HIGH YIELD ANNOUNCES PRIVATE PLACEMENT

West High Yield (W.H.Y.) Resources Ltd. has arranged a non-brokered private placement of up to $600,000 of units. Each unit is priced at 30 cents and consists of one common share and one-10th of one common share purchase warrant. Ten full warrants will entitle the holder to purchase one common share of the company at an exercise price of 45 cents for a period of one year from the date of issue. The private placement is subject to receipt of all necessary regulatory approvals, including final approval of the TSX Venture Exchange. The proceeds of the private placement will be used for general corporate purposes, working capital, and obtaining permits for the sale of a 10,000-tonne bulk sample and gold reclamation. Closing is anticipated to take place on or before Sept. 10, 2014.

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