CALGARY, Alberta, June 07, 2019 (GLOBE NEWSWIRE) -- West High Yield (W.H.Y.) Resources Ltd. (“Company") (TSXV: WHY) announces that it has completed the first tranche of its previously announced non-brokered private placement of units ("Units"). The Company issued an aggregate of 364,000 Units at a price of $0.25 per Unit for gross proceeds of $91,000. Each Unit consists of one common share in the capital of the Company (a "Common Share") and one-third of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to purchase one additional Common Share at an exercise price of $0.45 for a period of one year from the date of issuance of the Warrant. All of the securities issued under the private placement are subject to a four month resale restriction.
West High Yield Completes First Tranche of Private Placement
Jun 07, 2019
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