West High Yield Resources (TSE:WHY) has released an update.
West High Yield (W.H.Y.) Resources Ltd. announces a private placement offering aiming to raise up to CAD$1.5 million through the sale of over 4.5 million units at CAD$0.33 each, which includes common shares and half-purchase warrants. The proceeds will support the drilling program at its Record Ridge magnesium deposit, among other operational and capital needs. The offering is subject to TSXV approval and other standard closing conditions.
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