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West High Yield Resources (TSXV:WHY) announced a non-brokered private placement of up to $300,000 of Units at $0.25 per unit.
As quoted in the press release:
West High Yield (W.H.Y.) Resources Ltd. (TSX VENTURE:WHY) (“West High” or the “Company”) announces a non-brokered Private Placement of up to $300,000 of Units. Each Unit is priced at $0.25 and consists of one (1) Common Share (“Common Share”) and 1/10 of one (1) Common Share Purchase Warrant (“Warrant”). Ten full Warrants will entitle the holder to purchase one (1) Common Share of the Company at an exercise price of $0.40 for a period of one year from the date of issue. 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 general corporate purposes, working capital and obtaining permits for the sale of a 10,000 ton bulk sample from the Company’s Rossland gold property. Closing is anticipated to take place on or before March 5, 2015.
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