WEST High Yield (W.h.y.) Resources Ltd. Announces Completion of Private Placement
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
For Immediate Release
September 28, 2021
Calgary, Alberta
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES
COMPLETION OF PRIVATE PLACEMENT
CALGARY, ALBERTA – September 28, 2021 – West High Yield (W.H.Y.) Resources Ltd.
("West High Yield" or the "Company") (TSXV:WHY) is pleased to announce the completion of
its previously announced placement offering (the “Offering”) of units (the "Units"). The Company
completed one closing under the Offering for gross proceeds of CAD$116,457.25
Under the Offering, the Company issued 332,735 Units, comprised of 332,735 common shares in
the capital of the Company (the "Common Shares") and 83,183 Common Share purchase warrant
(the "Warrants"). One (1) full Warrant, together with CAD$0.45, entitles the holder thereof to
acquire one (1) additional Common Share of the Company for a period of twelve (12) months from
the date of closing. The Warrants will not be listed on the TSX Venture Exchange.
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 proper ties in Canada with a
primary objective to develop its Record Ri dge magnesium deposit using green processing
techniques to minimize waste and CO2 emissions.
Contact Information:
West High Yield (W.H.Y.) Resources Ltd.
Frank Marasco Jr., President and Chief Executive Officer
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 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 relia nce 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.
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.
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 OF THIS
RELEASE.