CALGARY, ALBERTA--(Marketwired - April 29, 2015) - West High Yield (W.H.Y.) Resources Ltd. ("West High Yield" or the "Company") (TSX VENTURE:WHY) announces the release of its financial results and Management Discussion and Analysis ("MD&A") for the year ended December 31, 2014. The audited financial statements and related MD&A for the year ended December 31, 2014 have been filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.
The Company also advises that on April 24, 2015 it completed a private placement of 1,206,000 Units at a price of $0.25 per Unit for gross proceeds of $301,500. Each Unit consists of one common share of the Company and one common share purchase warrants and ten common share purchase warrants are eligible to purchase one common share of the Company at $0.40 per share for one year. Finders fees of $25,000 were paid with respect to the April 24, 2015 private placement.
About West High Yield
West High Yield is a publicly traded intermediate mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel and magnesium properties. The Company is currently undertaking to develop its magnesium property located in Rossland, British Columbia.
READER ADVISORY
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.
51,717,759 Common Shares Issued