Source: West High Yield Resources.
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  • West High Yield (W.H.Y.) Resources (WHY) has closed the first tranche of both of its private placements for gross proceeds of $952,000
  • The company issued 1,570,00 flow-through units for $0.50 per unit and 399,000 common units for $0.42 per unit
  • West High Yield is a junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties
  • West High Yield (W.H.Y.) Resources Ltd. was up 1.205 per cent, trading at $0.42 at 2:55 PM ET

West High Yield (W.H.Y.) Resources (WHY) has closed the first tranche of both of its previously-announced private placements.

Under the first tranche, the company issued 1,570,00 flow-through units for gross proceeds of $785,000 and 399,000 common units for gross proceeds of $167,580, for total gross proceeds of $952,580.

The company issued the flow-through units at a price of $0.50 per flow-through unit and the units at $0.42 per unit.

Each flow-through unit consists of one flow-through common share and one-half of one common share purchase warrant.

Each flow-through warrant entitles the holder to acquire one additional common share until June 22, 2024.

Each standard unit is made up of one common share and one common share purchase warrant. Each standard warrant entitles the holder to acquire one additional common share until December 23, 2024.

The proceeds will be used for general working capital and exploration expenses.

West High Yield is a junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties in Canada.

West High Yield (W.H.Y.) Resources Ltd. was up 1.205 per cent, trading at $0.42 at 2:55 PM ET.


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