West High Yield Resources Ltd. (TSXV:WHY) closed its previously announced, non-brokered private placement for gross proceeds of $767,189.25. 1,704,865 units were issued at a price of $0.45 per unit.
West High Yield Resources Ltd. (TSXV:WHY) announced that 2,700,000 common share purchase warrants expired unexercised with an exercise price of $0.75 on June 30, 2013. In June 2013, the issued and outstanding common shares of the Company increased to 47,571,228, as a result of certain officers, directors, and consultants of West High Yield that exercised 173,334 stock options with an average exercise price of $0.36 for gross proceeds of $62,000.20.
The Company also released results of a Preliminary Economic Assessment on its 100% owned Record Ridge Project, on June 4, 2013, that were filed on SEDAR.
West High Yield Resources Ltd. (TSXV:WHY) released the results of a Preliminary Economic Assessment (PEA) on its Record Ridge Project in BC. Highlights include pre-tax NPV 5% of US$1.339 billion and IRR (pre-tax) of 21% (100% equity), as well as post-tax NPV 5% of US$830 million and IRR (post-tax) of 17% (100% equity), and an estimated mine life of 42 years.
West High Yield Resources Ltd. (TSXV:WHY) released its first quarter financial results for the three months that ended on March 31, 2013.
West High Yield Resources (TSXV:WHY) is preparing a Preliminary Economic Assessment for its Record Ridge South Property in British Columbia. The Company also clarified its previous disclosures that concerned the mineral exploration programs, by retracting statements that were previously made in regards to the Record Ridge South Property.
West High Yield Resources Ltd. (TSXV:WHY) announced that it has refiled its Management Discussion and Analysis for 2011 to fully address risk factor disclosure and business rationale included in the MD&A.