WEST High Yield Announces Completion of Shares-FOR-Debt Settlement Transactions
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WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
For Immediate Release
January 15, 2021
Calgary, Alberta
WEST HIGH YIELD ANNOUNCES COMPLETION OF
SHARES-FOR-DEBT SETTLEMENT TRANSACTIONS
CALGARY, ALBERTA –January 15, 2021. West High Yield (W.H.Y.) Resources Ltd. ("West
High Yield" or the "Company") (TSXV:WHY) announces that it has completed the settlement of
CAD$28,946.40 of indebtedness (the " Debt Settlement") as originally announced on December
22, 2020. To effect the Debt Settlement , the Company issued 144,732 Common Shares (the
"Common Shares") at a deemed price of CAD$0.20 per Common Share to two creditors of the
Company. The Debt Settlement was approved by the TSX Venture Exchange on January 14, 2021.
The Common Shares issued in connection with the Debt Settlement will be subject to a statutory
hold period of four months plus a day from the date of issuance in accordance with applicable
securities law legislation.
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 of West High Yield
Telephone: (403) 660-3488
Facsimile: (403) 206-7159
Email: [email protected]
Cautionary Note Regarding Forward-looking Information
This press release contains forward-looking statements and forward-looking information within the
meaning of applicable securities l aws. The use of any of the words "expect", "anticipate",
"continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe",
"plans", "intends" and similar expressions are intended to identify forward -looking information or
statements.. 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.
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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. S ome 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 need to obtain required approvals
from regulatory authorities; stock market volatility; competition for, among other things, skilled
personnel and supplies; changes in tax laws; and 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.
Not for distribution in the United States. This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities in the United States. The securities of the Company
will not be registered under the United States Securities Act of 1933, as amended (the " U.S.
Securities Act") and may not be offered or sold within the United States or to, or for the account
or benefit of U.S. persons except in certain transactions exempt from the registration requirements
of the U.S. Securities Act.
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 RELEASE.