WEST High Yield (W.h.y.) Resources Ltd. Announces Extension of Current Private Placement
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
For Immediate Release
October 11, 2024
Calgary, Alberta
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES
EXTENSION OF CURRENT PRIVATE PLACEMENT
CALGARY, ALBERTA (October 11, 2024) – West High Yield (W.H.Y.) Resources Ltd. ("West High Yield"
or the " Company") (TSXV:WHY) announces that, further to its news releases dated August 29, 2024,
September 26, 2024 and October 9, 2024, it has received an extension from the TSX Venture Exchange (the
"TSXV") with respect to the final acceptance date of its previously announced private placement offering (the
"Offering") of units (the "Units").
The outside date for the final closing and filing acceptance of all final documentation required by the TSXV in
respect of the Offering has been extended from October 14, 2024 to November 13, 2024 (the "Extension Date").
The terms of the Offering and the Units will stay the same up to and including the Extension Date, and the
Offering remains subject to certain conditions including, but not limited to, the receipt of all necessary regulatory
and other approvals including the final approval of the TSXV on or before the Extension Date.
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, silica, and nickel deposit using green processing techniques to minimize
waste and CO2 emissions.
The Company’s Record Ridge magnesium deposit located 10 kilometers southwest of Rossland, British
Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced
National Instrument 43- 101 – Standards of Disclosure for Mineral Projects ("NI 43 -101") Preliminary
Economic Assessment technical report prepared by SRK Consulting (Canada) Inc. in accordance with NI 43 -
101.
Contact Information:
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: [email protected]
Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: [email protected]
1396-7488-9999, v. 1
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 reliance
should not be placed on the forward- looking statements and information because t he 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 condit ions 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; 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.
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.