West High Yield (W.H.Y.) Resources Ltd. Announces Exercise of Warrants
West High Yield Resources (TSXV: WHY) has announced the exercise of share purchase warrants by multiple holders. One warrantholder exercised 50,000 warrants at CAD$0.30 each, generating proceeds of CAD$15,000. Additionally, two warrantholders exercised 112,000 warrants at CAD$0.35 each, resulting in proceeds of CAD$39,200.
The combined warrant exercises generated total gross proceeds of CAD$54,200 for the Company and resulted in the issuance of 162,000 new common shares.
West High Yield Resources (TSXV: WHY) ha comunicato che diversi detentori hanno esercitato i propri warrant di acquisto azioni. Un detentore ha esercitato 50.000 warrant a CAD$0,30 ciascuno, apportando proventi pari a CAD$15.000. Altri due detentori hanno esercitato congiuntamente 112.000 warrant a CAD$0,35 ciascuno, generando proventi per CAD$39.200.
Le esercitazioni combinate dei warrant hanno portato a proventi lordi complessivi di CAD$54.200 per la Società e hanno comportato l'emissione di 162.000 nuove azioni ordinarie.
West High Yield Resources (TSXV: WHY) ha anunciado que varios tenedores ejercieron sus warrants de compra de acciones. Un tenedor ejerció 50,000 warrants a CAD$0.30 cada uno, generando ingresos de CAD$15,000. Además, dos tenedores ejercieron 112,000 warrants a CAD$0.35 cada uno, resultando en ingresos por CAD$39,200.
El ejercicio combinado de warrants produjo unos ingresos brutos totales de CAD$54,200 para la Compañía y dio lugar a la emisión de 162,000 nuevas acciones ordinarias.
West High Yield Resources (TSXV: WHY)는 여러 보유자가 주식매수워런트를 행사했다고 발표했습니다. 한 보유자가 50,000 워런트를 CAD$0.30에 행사하여 CAD$15,000의 자금을 조달했습니다. 또한 두 명의 보유자가 112,000 워런트를 CAD$0.35에 행사해 CAD$39,200의 자금을 확보했습니다.
이번 워런트 행사로 회사는 총 CAD$54,200의 총수익을 얻었고, 162,000주의 신주가 발행되었습니다.
West High Yield Resources (TSXV: WHY) a annoncé que plusieurs titulaires ont exercé des bons de souscription d'actions. Un titulaire a exercé 50 000 bons à CAD$0,30 chacun, générant CAD$15 000. De plus, deux titulaires ont exercé 112 000 bons à CAD$0,35 chacun, entraînant des produits de CAD$39 200.
Ces exercices combinés ont procuré à la Société des produits bruts totaux de CAD$54 200 et ont entraîné l'émission de 162 000 nouvelles actions ordinaires.
West High Yield Resources (TSXV: WHY) hat bekanntgegeben, dass mehrere Inhaber ihre Optionsscheine ausgeübt haben. Ein Inhaber übte 50.000 Optionsscheine zu je CAD$0,30 aus und brachte damit Erlöse von CAD$15.000 ein. Zudem übten zwei Inhaber gemeinsam 112.000 Optionsscheine zu je CAD$0,35 aus, was Erlöse in Höhe von CAD$39.200 ergab.
Die kombinierten Ausübungen führten zu Gesamterlösen von CAD$54.200 für das Unternehmen und zur Ausgabe von 162.000 neuen Stammaktien.
- Generated CAD$54,200 in additional capital through warrant exercises
- Increased shareholder commitment demonstrated through warrant conversion
- Relatively small capital raise of only CAD$54,200
- Potential dilution from issuance of 162,000 new shares
Calgary, Alberta--(Newsfile Corp. - September 5, 2025) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (FSE: W0H) (the "Company" or "West High Yield") announces announces the exercise share purchase warrants (the "Warrants") of the Company.
One holder of Warrants exercised an aggregate of 50,000 Warrants resulting in the issuance of 50,000 common shares of the Company. The specific Warrants held and exercised by the one warrantholder were exercisable at a price of CAD
Two holders of Warrants exercised an aggregate of 112,000 Warrants resulting in the issuance of 112,000 common shares of the Company. The specific Warrants held and exercised by the two warrantholders were exercisable at a price of CAD
The total gross proceeds to the Company from the combined exercise of CAD
About West High Yield
West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.
The Company's Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") Preliminary Economic Assessment technical report (titled "Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada") prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company's profile at https://www.sedarplus.ca.
Contact Information:
WEST HIGH YIELD (W.H.Y.) RESOURCES LTD.
Frank Marasco Jr., President and Chief Executive Officer
Telephone: (403) 660-3488
Email: frank@whyresources.com
Barry Baim, Corporate Secretary
Telephone: (403) 829-2246
Email: barry@whyresources.com
Cautionary Note Regarding Forward-looking Information
This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265298
FAQ
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