West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce, further to its news releases of December 13, 2022 and December 22, 2022, that it has closed the second tranche (the "Closing") of its previously announced private placement offering (the "Offering") of ordinary units of the Company (the "Units").
The Closing consisted of the issuance of 309,530 Units for gross proceeds of $130,002.60. The Units were issued at a price of $0.42 per Unit. Each Unit consists of one (1) Common share of the Company (each, a "Common Share") and one (1) Common Share purchase warrant (each, a "Warrant"). Each Warrant, together with CAD$0.70, entitles the holder thereof to acquire one (1) additional Common Share until January 18, 2025. All securities issued in connection with the Closing are subject to a statutory hold period in accordance with applicable securities legislation ending on May 19, 2023.