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Financings

West High Yield (W.H.Y.) Resources Ltd. Announces Closing of Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Jan 07, 2026 · 14:05 WHY · 0.43 West High Yield (W.H.Y.) Resources Ltd.
WHY · Price

Executive Summary

  • West High Yield Resources Ltd. closed a single‑tranche, conditionally approved non‑brokered private placement of 1,000,000 units for gross proceeds of $500,000.
  • Each unit was priced at $0.50 and consisted of one common share plus one warrant (exercisable with an additional CAD $0.65 for a second share within 12 months).
  • Proceeds will be used to fund essential operations and general working capital; the offering is now complete pending final TSXV approval.

Key Details

  • Units Issued: 1,000,000 units
  • Gross Proceeds: $500,000 (CAD $0.50 per unit)
  • Unit Composition: 1 common share + 1 common‑share purchase warrant
  • Warrant Terms: Each warrant, together with CAD $0.65, allows the holder to acquire one additional common share for a period of twelve (12) months from the closing date.
  • Trading Hold: All securities are subject to a trading hold of four months plus one day from issuance.
  • Use of Proceeds: To cover essential operations and general working capital expenses.
  • Regulatory Status: Conditional approval received from TSX Venture Exchange on 30 Dec 2025 via price reservation form; final approval pending submission at the time of release.

Notable Quotes

(No CEO/President quotes were included in the release.)

Read the original news release →

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