West High Yield (W.H.Y.) Resources Ltd. announced a non-brokered private placement of up to 3,000,000 units of the company at a price of CAD 0.30 per unit for aggregate gross proceeds of up to CAD 900,000 on September 13, 2023. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant, together with CAD 0.35, will entitle the holder thereof to acquire one additional common share for a period of 24 months from each warrant?s date of issuance.

The warrants will not be listed on the TSX Venture Exchange. The Company may pay a finder's fee in connection with the Offering to eligible finders in accordance with the policies of the TSXV and applicable Canadian securities laws consisting of a cash commission of up to 6% of the gross proceeds of the Offering and a number of common share purchase warrants of up to 6% of the number of units sold pursuant to the offering. The finder's warrant will have identical terms to the Warrants.

The offering will be completed pursuant to certain exemptions from the prospectus requirements under applicable Canadian securities laws. All securities issued under the offering are subject to a statutory hold period from their date of issue in accordance with applicable Canadian securities laws. The transaction is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals, including the acceptance and approval of the TSXV.