52,083,473 Common Shares Issued WEST HIGH YIELD ANNOUNCES CONVERTIBLE DEBT PRIVATE PLACEMENT
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
NEWS RELEASE For Immediate Release September 14, 2015 Calgary, Alberta TSXV Trading Symbol: WHY 52,083,473 Common Shares Issued
WEST HIGH YIELD ANNOUNCES CONVERTIBLE DEBT PRIVATE PLACEMENT
CALGARY, ALBERTA –September 14, 2015. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces a non-brokered Private Placement of up to $25,000 US Dollars of Convertible Debentures. Each Unit is a $12,500.00 US Dollars Unsecured Convertible Debenture with a one year term from date of issue, earns interest at 12% per annum and convertible to Common Shares at a conversion price of $0.30 US at the holders discretion throughout the term. The Private Placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. The proceeds of the Private Placement will be used for consulting fees associated with a proposed agreement with a US based investment banking advisory firm to support the Company’s effort to secure capital to develop its Record Ridge Magnesium project.
About West High Yield
West 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.
For further information please contact:
Frank Marasco Dwayne Vinck President and Chief Executive Officer Chief Financial Officer West High Yield (W.H.Y.) Resources Ltd. West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 660-3488 Telephone: (403) 257-2637 Facsimile: (403) 206-7159 Facsimile: (403) 206-7159 Email: [email protected] Email: [email protected]
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