West High Yield (W.H.Y.) Resources Ltd. Announces Extension of Current Private Placement
West High Yield (W.H.Y.) Resources (TSXV: WHY) has announced an extension for its previously announced private placement offering. The TSX Venture Exchange (TSXV) has granted an extension for the final acceptance date of the offering. The new deadline for closing and filing acceptance of all final documentation has been extended from October 14, 2024, to November 13, 2024.
The terms of the offering and the units will remain unchanged up to and including the extension date. The offering continues to be subject to certain conditions, including regulatory and other approvals, with final TSXV approval required by the new extension date.
West High Yield (W.H.Y.) Resources (TSXV: WHY) ha annunciato un'estensione per la sua offerta di collocamento privato precedentemente annunciata. La Borsa di Toronto (TSXV) ha concesso un'estensione per la data di accettazione finale dell'offerta. La nuova scadenza per la chiusura e la presentazione dell'accettazione di tutta la documentazione finale è stata estesa dal 14 ottobre 2024, al 13 novembre 2024.
I termini dell'offerta e le unità rimarranno invariati fino e inclusa la data di estensione. L'offerta continua a essere soggetta a determinate condizioni, comprese approvazioni normative e altre, con l'approvazione finale del TSXV richiesta entro la nuova data di estensione.
West High Yield (W.H.Y.) Resources (TSXV: WHY) ha anunciado una extensión para su oferta de colocación privada previamente anunciada. La Bolsa de Valores de Toronto (TSXV) ha otorgado una extensión para la fecha de aceptación final de la oferta. La nueva fecha límite para el cierre y la presentación de la aceptación de toda la documentación final se ha extendido del 14 de octubre de 2024, al 13 de noviembre de 2024.
Los términos de la oferta y las unidades permanecerán sin cambios hasta e incluyendo la fecha de extensión. La oferta sigue estando sujeta a ciertas condiciones, incluidas aprobaciones regulatorias y otras, con la aprobación final del TSXV requerida antes de la nueva fecha de extensión.
웨스트 하이 수익(W.H.Y.) 리소스(주식 코드: WHY)는 이전에 발표한 사모 배급 제안의 연장을 발표했습니다. TSX 벤처 거래소(TSXV)는 제안의 최종 수락 날짜에 대한 연장을 승인했습니다. 모든 최종 문서의 수락 제출 및 마감 기한이 2024년 10월 14일부터 2024년 11월 13일로 연장되었습니다.
제안 및 유닛의 조건은 연장 날짜까지 변함이 없습니다. 이 제안은 규제 및 기타 승인과 같은 특정 조건의 적용을 계속 받아야 하며, 최종 TSXV 승인이 새로운 연장 날짜 이전에 필요합니다.
West High Yield (W.H.Y.) Resources (TSXV: WHY) a annoncé une extension pour son offre de placement privé précédemment annoncée. La Bourse de croissance TSX (TSXV) a accordé une extension pour la date d'acceptation finale de l'offre. La nouvelle date limite pour la clôture et le dépôt d'acceptation de toute la documentation finale a été prolongée du 14 octobre 2024 au 13 novembre 2024.
Les conditions de l'offre et des unités resteront inchangées jusqu'à la date d'extension. L'offre reste soumise à certaines conditions, y compris des approbations réglementaires et autres, l'approbation finale du TSXV étant requise avant la nouvelle date d'extension.
West High Yield (W.H.Y.) Resources (TSXV: WHY) hat eine Verlängerung seiner zuvor angekündigten Privatplatzierungsangebot bekannt gegeben. Die TSX Venture Exchange (TSXV) hat eine Verlängerung für das Enddatum der Annahme des Angebots gewährt. Die neue Frist für den Abschluss und die Einreichung der Annahme aller endgültigen Dokumente wurde vom 14. Oktober 2024 auf den 13. November 2024 verlängert.
Die Bedingungen des Angebots und der Einheiten bleiben unverändert bis einschließlich des Verlängerungsdatums. Das Angebot unterliegt weiterhin bestimmten Bedingungen, einschließlich behördlicher und anderer Genehmigungen, wobei die endgültige Genehmigung durch die TSXV bis zum neuen Verlängerungsdatum erforderlich ist.
- Extension granted for private placement offering, providing more time to secure investments
- Terms of the offering remain unchanged, maintaining consistency for potential investors
- Delay in closing the private placement may indicate challenges in securing investors
- Extended timeline could potentially impact the company's immediate financial plans
Calgary, Alberta--(Newsfile Corp. - October 11, 2024) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) ("West High Yield" or the "Company") announces that, further to its news releases dated August 29, 2024, September 26, 2024 and October 9, 2024, it has received an extension from the TSX Venture Exchange (the "TSXV") with respect to the final acceptance date of its previously announced private placement offering (the "Offering") of units (the "Units").
The outside date for the final closing and filing acceptance of all final documentation required by the TSXV in respect of the Offering has been extended from October 14, 2024 to November 13, 2024 (the "Extension Date").
The terms of the Offering and the Units will stay the same up to and including the Extension Date, and the Offering remains subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the final approval of the TSXV on or before the Extension Date.
About West High Yield
West High Yield is a publicly traded junior mining exploration and development company focused on the acquisition, exploration, and development of mineral resource properties in Canada with a primary objective to develop its Record Ridge magnesium, silica, and nickel deposit using green processing techniques to minimize waste and CO2 emissions.
The Company's Record Ridge magnesium 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 prepared by SRK Consulting (Canada) Inc. in accordance with NI 43-101.
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 TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) 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/226382
FAQ
What is the new deadline for West High Yield's private placement offering?
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What approvals does West High Yield still need for its private placement offering?
