Non-brokered deal funds environmental study and mine plan development
By Devika Patel
Knoxville, Tenn., March 21 – West High Yield Resources Ltd. said it plans a C$1 million non-brokered private placement of stock.
The company will sell common shares at C$0.33 per share, a 37.5% premium to the March 18 closing share price of C$0.24.
Proceeds will be used for general corporate purposes, environmental study and mine plan development and to extract and process samples of magnesium and gold.
West High Yield is a nickel, magnesium, cobalt, magnetite and gold exploration company based in Calgary, Alta.
| Issuer: | West High Yield Resources Ltd.
|
| Issue: | Common stock
|
| Amount: | C$1 million
|
| Price: | C$0.33
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | March 21
|
| Stock symbol: | TSX Venture: WHY
|
| Stock price: | C$0.24 at close March 18
|
| Market capitalization: | C$14.32 million
|
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