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West High Yield (W.H.Y.) Resources Ltd. Announces Grant of Stock Options
Calgary, Alberta--(Newsfile Corp. - November 27, 2023) - West High Yield (W.H.Y.) Resources Ltd. ...
About this update from West High Yield (w.h.y.) Resources Ltd.
[{"type":"text","content":"West High Yield (W.H.Y.) Resources Ltd. Announces Grant of Stock OptionsCalgary, Alberta--(Newsfile Corp. - November 27, 2023) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (\"West High Yield\" or the \"Company\") is pleased to announce that its board of directors approved and authorized the grant of 375,000 stock options (the \"Options\") to two consultants of the Company effective November 27, 2023.The Options were granted in accordance with the terms of the stock option plan of the Company. One (1) Option entitles the holder thereof to purchase one (1) common share of the Company (each a \"Share\" and collectively, the \"Shares\") at a price of CAD$0.23 per Share for a period of five (5) years from the Option grant date. One-third (1/3) of the Options vested on their date of grant, one-third (1/3) of the Options will vest on the date that is one (1) year from their date of grant and one-third (1/3) of the Options will vest on the date that is two (2) years from their date of grant. The exercise price of the Options was set at CAD$0.23 per Share, being the closing trading price of the Shares on November 27, 2023.About West High Yield West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium, silica, and nickel deposit using green processing techniques to minimize waste and CO2 emissions. The Company's Record Ridge magnesium deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") Preliminary Economic Assessment technical report prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101.Contact Information:WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.Frank Marasco Jr., President and Chief Executive OfficerTelephone: (403) 660-3488Email: [email protected] Baim, Corporate SecretaryTelephone: (403) 829-2246Email: [email protected] Note Regarding Forward-looking InformationThis press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. ...