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West High Yield (W.H.Y.) Resources Ltd. Engages Market-Making Services 10/27/2021 11:49 AM ET
Calgary, Alberta, Oct 27, 2021 (Newsfile Corp via COMTEX News Network) -- Calgary, Alberta--(Newsfile Corp. - October 27, 2021) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") is pleased to announce that it has engaged Independent Trading Group ("ITG") to initiate and provide market-making services pursuant to a Market Making Services Agreement (the "Agreement") in compliance with the applicable policies of the TSX Venture Exchange.
For its services, the Company has agreed to pay ITG a service fee equal to CAD$4,000 per month for a period of six (6) months, with automatic one (1) month renewals thereafter until terminated by either party. The Agreement may be terminated at any time by the Company or ITG on thirty (30) days written notice to the other. ITG does not have any interest, directly or indirectly, in the Company, will not receive common shares or options as compensation, and does not have any present intention to acquire any securities of the Company aside from as is necessary to perform its obligations under the Agreement. The capital used for market-making will be provided by ITG.
ITG is a full-service securities dealer regulated by the Investment Industry Regulatory Organization of Canada, and is dedicated specifically to professional trading. ITG's head office is located at 370 King Street W, Suite 701, Toronto, Ontario, M5V 1J9.
About West High Yield
West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium deposit using green processing techniques to minimize waste and CO2 emissions.