West High Yield receives $608K from warrant exercises

Executive Summary

• West High Yield (W.H.Y.) Resources Ltd. announced the exercise of share purchase warrants, resulting in the issuance of common shares and total gross proceeds of $608,220.45.
• The transaction involved two separate groups of warrant holders exercising warrants at different strike prices ($0.30 and $0.35 per warrant).
• A total of 1,823,487 common shares were issued to four distinct warrant holders.

Key Details

• Total Gross Proceeds: $608,220.45
• Total Shares Issued: 1,823,487 common shares
• Transaction 1 (30-cent warrants):
  • Warrantholders: 2 holders
  • Warrants Exercised: 600,000
  • Strike Price: $0.30 per warrant
  • Proceeds: $180,000.00
• Transaction 2 (35-cent warrants):
  • Warrantholders: 4 holders (Note: Text states "Four holders... exercised... by the three warrantholders," implying a discrepancy in the count of holders vs. specific warrant holders identified, but 4 holders are explicitly mentioned as exercising)
  • Warrants Exercised: 1,223,487
  • Strike Price: $0.35 per warrant
  • Proceeds: $428,220.45

Notable Quotes

• None provided in the text.