West High Yield Resources - CEO, Frank Marasco.
CEO, Frank Marasco.
Source: Stockhouse Publishing.
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  • West High Yield Resources (WHY) has announced a non-brokered private placement of up to C$2.5 million
  • The company will offer up to 7,142,857 units at $0.35 per unit
  • It will use the proceeds to develop a pilot plant at its Record Ridge mine and to explore its Midnight Gold claim in the Rossland Gold Camp
  • West High Yield is focused on the acquisition, exploration and development of mineral resource properties in Canada
  • West High Yield Resources (WHY) is down by 2.63 per cent and is currently trading at $0.37 per share

West High Yield Resources (WHY) has announced a non-brokered private placement of up to C$2.5 million.

The company will offer up to 7,142,857 units at $0.35 per unit.

Each unit is comprised of one WHY common share and one-quarter of one common share purchase warrant.

Each warrant, together with $0.45, entitles the holder to acquire one common share for 12 months from the date of issuance. The warrants will not be listed on the TSXV.

West High Yield will use the proceeds to develop a pilot plant at its Record Ridge magnesium and nickel mine in Rossland, B.C., to support the exploration of its Midnight Gold claim in the Rossland Gold Camp and for general working capital purposes.

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

West High Yield Resources (WHY) is down by 2.63 per cent and is currently trading at $0.37 per share as of 11:40 am ET.

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