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West High Yield Resources Ltd. (TSXV:WHY) announced that 2,700,000 common share purchase warrants expired unexercised with an exercise price of $0.75 on June 30, 2013. In June 2013, the issued and outstanding common shares of the Company increased to 47,571,228, as a result of certain officers, directors, and consultants of West High Yield that exercised 173,334 stock options with an average exercise price of $0.36 for gross proceeds of $62,000.20.
The Company also released results of a Preliminary Economic Assessment on its 100% owned Record Ridge Project, on June 4, 2013, that were filed on SEDAR.
The Company also released results of a Preliminary Economic Assessment on its 100% owned Record Ridge Project, on June 4, 2013, that were filed on SEDAR.
As quoted in the press release:
The PEA presumes a conventional open pit mine, a novel hydrometallurgical processing plant, a calcined magnesia intermediate product plant along with a fused magnesia production plant with pre-tax Net Present Value (“NPV”) using a 5% discount rate of US$1.339 billion and Internal Rate of Return (“IRR”) of 21%, and a post-tax NPV of US$830 million using a 5% discount and post-tax IRR of 17%.
Click here to read the West High Yield Resources Ltd. (TSXV:WHY) press release
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