WEST High Yield (W.h.y.) Resources Ltd. Announces Proceeds from Exercise of Options
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
For Immediate Release
November 22, 2024
Calgary, Alberta
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD. ANNOUNCES
PROCEEDS FROM EXERCISE OF OPTIONS
CALGARY, ALBERTA (November 22, 2024) – West High Yield (W.H.Y.) Resources Ltd. (the "Company"
or "West High Yield ") (TSXV:WHY)(FSE: W0H) announces the receipt of proceeds from the exercise of
certain stock options (the "Options") of the Company.
One holder of options (the "Optionholder") exercised an aggregate of 100,000 Options resulting in the issuance
of 100,000 common shares of the Company (each, an "Option Share"). The Options were exercisable at a price
of CAD$0.15 per Option Share. The Options exercised by the Optionholder were issued to the Optionholder,
among others, as part of an option grant of the Company on November 27, 2019.
About West High Yield
West High Yield is a publicly traded junior mining exploration and development company focused on acquiring,
exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record
Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize
waste and CO2 emissions.
The Company’s Record Ridge critical mineral 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 (titled "Revised NI 43 -101 Technical Report Preliminary Economic Assessment
Record Ridge Project, British Columbia, Canada") prepared by SRK Consulting (Canada) Inc. on April 18, 2013
in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.
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]
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
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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 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 TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS RELEASE.