WEST High Yield Completes Final Tranche of Private Placement
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
NEWS RELEASE
For Immediate Release June 20, 2017
Calgary, Alberta TSXV Trading Symbol: WHY
WEST HIGH YIELD COMPLETES FINAL TRANCHE OF PRIVATE
PLACEMENT
CALGARY, ALBERTA – June 20, 2017 . West High Yield (W.H.Y.) Resources Ltd.
(the "Company") announces that it has completed the third and final tranche of its
previously announced non-brokered private placement of units (each, a " Unit"). T he
Company issued 430,000 Units at a price of $0.30 per Unit for gross proceeds of
$129,000 under the third tranche of the private placement. In aggregate, t he Company
issued 1,600,000 Units at a price of $0.30 per Unit for gross proceeds of $480,000. Each
Unit consists of one common share in the capital of the Company (a "Common Share")
and one-third of one common share purchase warrant (a "Warrant"). Each whole Warrant
entitles the holder to purchase one additional Common Share at an exercise price of $0.45
for a period of one year from the date of issuance of the Warrant. All of the securities
issued under the private placement are subject to a four month resale restriction . The
private placement is subject to receipt of all necessary regulatory approvals including
final approval of the TSX Venture Exchange.
The net proceeds of the private placement will be used for general corporate purposes,
environmental study and mine plan development as required by the Environmental
Assessment Certification and Mine Permit application processes.
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
President and Chief Executive Officer
West High Yield (W.H.Y.) Resources Ltd.
Telephone: (403) 660-3488
Facsimile: (403) 206-7159
Email: [email protected]
Dwayne Vinck
Chief Financial Officer
West High Yield (W.H.Y.) Resources Ltd.
Telephone: (403) 257-2637
Facsimile: (403) 206-7159
Email: [email protected]
Reader Advisory
This press release contains forward -looking statements and forward-looking information within the
meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue",
"estimate", "objective", "ongoing", "m ay", "will", "project", "should", "believe", "plans", "intends" and
similar expressions are intended to identify forward-looking information or statements. More particularly
and without limitation, this press release contains forward looking statements and information concerning
the proposed use of proceeds of the private placement. 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 anticipated in the forward -looking
information. Some of the risks and other factors that could cause the results to differ materially from those
expressed in the forward-looking information include, but are not limited to: general economic conditions
in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry
partner and other third party consents and approvals, if and when required; the availability of capital on
acceptable terms; the n eed to obtain required approvals from regulatory authorities; stock market
volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the
other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
Readers are cautioned not to place undue reliance on this forward-looking information, which is given as
of the date hereof, and to not use such forward-looking information for anything other than its intended
purpose. The Company undertakes no obligation to update publicly or revise any forward-looking
information, whether as a result of new information, future events or otherwise, except as required by
applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release.