West High Yield Resources Ltd. is pleased to announce it has completed a second tranche closing under the drawdown equity financing facility with Alumina Partners Ltd. , an affiliate of New York-based private equity firm Alumina Partners LLC. Terms of the Facility were set forth in the Company's news release dated December 14, 2021. Under the closing of the Second Tranche, the Company issued 925,925 units to Alumina at a [...]
West High Yield Resources Ltd. is pleased to announce it has closed its previously announced brokered private placement offering for aggregate gross proceeds of up to CAD$2,499,951.72 . The Offering consisted of the issuance of 2,976,133 units of the Company at a price of CAD$0.84 per Unit. Each Unit was comprised of: one common share of the Company issued on a "flow-through basis" under the Income Tax Act for Canadian [...]
West High Yield Resources Ltd. is pleased to announce a brokered private placement offering for aggregate gross proceeds of up to CAD$2,500,000 . GloRes Securities Inc. will act as Agent for the Offering. The Offering shall consist of the issuance of up to 2,976,190 units of the Company at a price of CAD$0.84 per Unit. Each Unit shall be comprised of: one common share of the Company issued on a "flow-through basis" under [...]
West High Yield Resources Ltd. is pleased to announce it has entered into a definitive agreement for a drawdown equity financing facility of up to CAD$12,000,000 with Alumina Partners Ltd. , an affiliate of New York-based private equity firm Alumina Partners LLC. The Company intends to use the funds under the Facility to move forward with its pre-feasibility study stage-3 including the detailed design and economic [...]
West High Yield Resources Ltd. announces that a holder of common share purchase warrants exercised an aggregate of 250,000 Warrants resulting in the issuance of 125,000 common shares of the Company and gross proceeds to the Company of CAD$37,500. Two Warrants permitted the Warrantholder to acquire one Warrant Share at an exercise price of CAD$0.30 per Warrant Share. The Warrants were issued in connection with a private [...]
West High Yield Resources Ltd. is pleased to announce that it has signed a letter of intent with APG Galaxy Trade and Technology, LLC, a U.S.-based company focused on the acquisition and production of magnesium and other precious metals , for the purchase and sale of magnesium serpentine ore produced by West High Yield at its Record Ridge magnesium deposit located near Rossland, British Columbia, Canada . The LOI is [...]
West High Yield Resources Ltd. announces it has released its interim consolidated financial results for the fiscal quarter ended September 30, 2021 accompanied by its management's discussion and analysis for the same period. The Financials and MD&A have been disseminated on SEDAR and can be found on the Company's SEDAR profile at https://www.sedar.com. About West High Yield West High Yield is a publicly traded junior [...]
West High Yield Resources Ltd. announces that since November 15, 2021, holders of common share purchase warrants of the Company have exercised an aggregate 547,500 Warrants, resulting in aggregate proceeds to the Company of CAD$82,125 and the issuance of 273,750 common shares of the Company . Two Warrants permitted each holder to acquire one Share at an exercise price of CAD$0.30 per Warrant Share. The Warrants were [...]
West High Yield Resources Ltd. announces that its board of directors approved and authorized the grant of 727,000 stock options to various directors and consultants of the Company effective November 18, 2021. The Options were granted in accordance with the terms of the stock option plan of the Company. All of the Options vested on their date of grant. One Option entitles the holder thereof to purchase one common share of [...]
West High Yield Resources Ltd. announces that certain holders of common share purchase warrants have exercised an aggregate of 380,000 Warrants resulting in gross proceeds to the Company of CAD$57,000. Two Warrants permitted each Warrantholder to acquire one common share of the Company at an exercise price of CAD$0.30 per Warrant Share. The Warrants were issued in connection with a private placement financing of the [...]
West High Yield Resources Ltd. is pleased to announce that it has engaged Independent Trading Group to initiate and provide market-making services pursuant to a Market Making Services Agreement in compliance with the applicable policies of the TSX Venture Exchange. For its services, the Company has agreed to pay ITG a service fee equal to CAD$4,000 per month for a period of six months, with automatic one month renewals [...]
West High Yield Resources Ltd. announces that, at the request by the Investment Industry Regulatory Organization of Canada, the Company wishes to confirm that its management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. About West High Yield West High Yield is a publicly traded junior mining exploration and development company focused on the [...]
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