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West High Yield (W.H.Y.) Resources Ltd. Announces Change to Stock Option Amendment Proposal and Grant of New Stock Options
Calgary, Alberta--(Newsfile Corp. - May 7, 2021) - West High Yield (W.H.Y.) Resources Ltd. (TS...
About this update from West High Yield (w.h.y.) Resources Ltd.
[{"type":"text","content":"West High Yield (W.H.Y.) Resources Ltd. Announces Change to Stock Option Amendment Proposal and Grant of New Stock OptionsCalgary, Alberta--(Newsfile Corp. - May 7, 2021) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (\"West High Yield\" or the \"Company\") announces that further to its press release dated April 19, 2021 and after consulting with its advisors, it has decided to allow the 1,150,000 stock options granted on April 15, 2016 (the \"Old Options\") to expire instead of seeking TSX Venture Exchange approval for an extension of such expiry date. The Old Options expired on April 15, 2021.Instead of extending the expiry date of the Old Options, the Company has authorized the grant of 1,1500,000 new stock options to directors of the Company effective May 7, 2021. The new stock options are granted in accordance with the terms of the stock option plan of the Company. All of the new stock options vest on their date of grant and each new stock option entitles the holder thereof to purchase one (1) common share of the Company at a price of CAD$0.20 per common share for a period of five (5) years from their date of grant.About West High YieldWest 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.Contact Information:West High Yield (W.H.Y.) Resources Ltd.Frank Marasco, President and Chief Executive OfficerTelephone: (403) 660-3488 Facsimile: (403) 206-7159Email: [email protected] Note Regarding Forward-looking InformationThis press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, ...