- West High Yield Resources Ltd. (WHYRF, Financial) garners CAD$15,000 from the exercise of 50,000 warrants.
- New issuance of 50,000 common shares at CAD$0.30 each stems from the company's previous private placement.
- The exercise signals potential investor confidence despite limited immediate financial impact.
West High Yield (W.H.Y.) Resources Ltd. (WHYRF) has recently announced a financial boost through the exercise of 50,000 warrants, leading to the issuance of an equivalent number of common shares. This move brought in gross proceeds of CAD$15,000 for the company. The warrants were originally distributed in a private placement that concluded on November 9, 2024.
Each warrant was exercised at a price of CAD$0.30 per share, reflecting a successful conversion by a warrantholder. While the infusion of CAD$15,000 may seem modest in scale, it indicates a level of investor confidence and contributes to the company's working capital.
West High Yield Resources Ltd. is a junior mining exploration and development entity focused on mineral resource projects in Canada. The company's flagship initiative is the Record Ridge critical mineral deposit near Rossland, British Columbia. This deposit, rich in magnesium, silica, and nickel, is slated for development using environmentally friendly techniques to minimize carbon emissions.
