West High Yield (W.H.Y.) Resources Ltd.

West High Yield (W.H.Y.) Resources Ltd.

September 14, 2015 18:16 ET

West High Yield Announces Convertible Debt Private Placement

CALGARY, ALBERTA--(Marketwired - Sept. 14, 2015) - West High Yield (W.H.Y.) Resources Ltd. ("West High Yield" or the "Company") (TSX VENTURE:WHY) announces a non-brokered Private Placement of up to $25,000 US Dollars of Convertible Debentures. Each Unit is a $12,500.00 US Dollars Unsecured Convertible Debenture with a one year term from date of issue, earns interest at 12% per annum and convertible to Common Shares at a conversion price of $0.30 US at the holders discretion throughout the term. The Private Placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. The proceeds of the Private Placement will be used for consulting fees associated with a proposed agreement with a US based investment banking advisory firm to support the Company's effort to secure capital to develop its Record Ridge Magnesium project.

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.

Reader Advisory

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52,083,473 Common Shares Issued

Contact Information

  • West High Yield (W.H.Y.) Resources Ltd.
    Frank Marasco
    President and Chief Executive Officer
    (403) 660-3488
    (403) 206-7159 (FAX)

    West High Yield (W.H.Y.) Resources Ltd.
    Dwayne Vinck
    Chief Financial Officer
    (403) 257-2637
    (403) 206-7159 (FAX)