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West High Yield (W.H.Y.) Resources Ltd. Announces Proceeds of Exercise of Additional Warrants
Calgary, Alberta--(Newsfile Corp. - November 23, 2021) - West High Yield (W.H.Y.) Resources Lt...
About this update from West High Yield (w.h.y.) Resources Ltd.
[{"type":"text","content":"West High Yield (W.H.Y.) Resources Ltd. Announces Proceeds of Exercise of Additional WarrantsCalgary, Alberta--(Newsfile Corp. - November 23, 2021) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (\"West High Yield\" or the \"Company\") announces that since November 15, 2021, holders of common share purchase warrants (the \"Warrants\") of the Company have exercised an aggregate 547,500 Warrants, resulting in aggregate proceeds to the Company of CAD$82,125 and the issuance of 273,750 common shares of the Company (the \"Shares\").Two (2) Warrants permitted each holder to acquire one Share (each, a \"Warrant Share\") at an exercise price of CAD$0.30 per Warrant Share. The Warrants were issued in connection with a private placement financing of the Company (the \"Financing\") which had closing dates in November and December of 2020. All of the Warrants issued to investors under the Financing have now been exercised.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 deposit using green processing techniques to minimize waste and CO2 emissions. 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, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those a...