West High Yield (W.H.Y.) Resources Ltd. announced a private placement for gross proceeds of up to CAD 1,250,000 on December 13, 2022. The company will issue 1,500,000 flow-through units at an issue price of CAD 0.50 for the gross proceeds of CAD 750,000 and 1,190,476 standard units at an issue price of CAD 0.42 for the gross proceeds of CAD 500,000. Each flow-through unit consists of one common share and half common share purchase warrant.

Each Warrant will entitle the holder thereof to purchase one common Share at a price of CAD 0.70 for a period of 24 months from the date of issuance. Each standard unit shall be comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.70 for a period of 24 months from the date of issuance.

The company will pay 6% of the gross proceeds to the agent and 6% to the brokers of the sum of regular units and flow-through units. Each broker warrant is entitled the agent to acquire one additional common share at a price of CAD 0.70 for a period of twenty-four months from the date of issuance. The transaction are subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals, including the acceptance and approval of the TSXV.

All securities issued pursuant to the transaction are subject to the statutory hold period that expires four months and one day from their issuance.