West High Yield Completes Two Tranches of Private Placement

May 31, 2017

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CALGARY, ALBERTA–(Marketwired – May 31, 2017) – West High Yield (W.H.Y.) Resources Ltd. (the “Company”) (TSX VENTURE:WHY) announces that it has completed two tranches of its previously announced non-brokered private placement of units (each, a “Unit”) on May 29 and 31, 2017. The Company issued an aggregate of 1,170,000 Units at a price of $0.30 per Unit for gross proceeds of $351,000. 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. The private placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. It is expected that the balance of the private placement will be completed within the next few weeks.

Category: General