West High Yield (W.H.Y.) Resources closes $568K first tranche of private placement


CALGARY, ALBERTA – September 28, 2017. West High Yield (W.H.Y.) Resources Ltd. (the “Company”) announces that it has completed the first tranche of its previously announced non-brokered private placement of units (each, a “Unit”) on September 1, 2017. The Company issued an aggregate of 1,893,333 Units at a price of $0.30 per Unit for gross proceeds of $568,000. 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. It is expected that the balance of the private placement will be completed within the next few weeks.

The net proceeds of the private placement will be used for general corporate purposes and for the continuation of the environmental base line study, environmental assessment study, mine plan and permit application and industrial rock quarry permit application.

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: frank@whyresources.com

Dwayne Vinck
Chief Financial Officer
West High Yield (W.H.Y.) Resources Ltd.
Telephone: (403) 257-2637
Facsimile: (403) 206-7159
Email: vinck@shaw.ca