West High Yield (W.H.Y.) Resources Ltd. Announces Proceeds from Exercise of Options
West High Yield Resources announced the receipt of proceeds from the exercise of stock options. An optionholder exercised 100,000 options at CAD$0.15 per share, resulting in the issuance of 100,000 common shares. These options were originally granted on November 27, 2019.
West High Yield Resources ha annunciato di aver ricevuto proventi dall'esercizio delle opzioni su azioni. Un titolare di opzioni ha esercitato 100.000 opzioni a CAD$0,15 per azione, portando all'emissione di 100.000 azioni ordinarie. Queste opzioni erano state originariamente concesse il 27 novembre 2019.
West High Yield Resources anunció la recepción de ingresos por el ejercicio de opciones sobre acciones. Un titular de opciones ejerció 100,000 opciones a CAD$0.15 por acción, lo que resultó en la emisión de 100,000 acciones ordinarias. Estas opciones se otorgaron originalmente el 27 de noviembre de 2019.
웨스트 하이 수익 자원은 주식 옵션 행사로 인한 수익을 수령했다고 발표했습니다. 한 옵션 보유자가 주당 CAD$0.15에 100,000개의 옵션을 행사하여 100,000개의 보통주가 발행되었습니다. 이 옵션은 원래 2019년 11월 27일에 부여되었습니다.
West High Yield Resources a annoncé avoir reçu des revenus provenant de l'exercice d'options sur actions. Un titulaire d'options a exercé 100 000 options à 0,15 CAD par action, ce qui a entraîné l'émission de 100 000 actions ordinaires. Ces options ont été accordées à l'origine le 27 novembre 2019.
West High Yield Resources gab bekannt, dass die Einnahmen aus der Ausübung von Aktienoptionen eingegangen sind. Ein Optionsinhaber hat 100.000 Optionen zu CAD$0,15 pro Aktie ausgeübt, was zur Ausgabe von 100.000 Stammaktien führte. Diese Optionen wurden ursprünglich am 27. November 2019 gewährt.
- Generated CAD$15,000 in proceeds from option exercise
- 100,000 options exercised demonstrates confidence in company
- Potential dilution of existing shareholders due to new share issuance
Calgary, Alberta--(Newsfile Corp. - November 22, 2024) - West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY) (FSE: W0H) (the "Company" or "West High Yield") announces the receipt of proceeds from the exercise of certain stock options (the "Options") of the Company.
One holder of options (the "Optionholder") exercised an aggregate of 100,000 Options resulting in the issuance of 100,000 common shares of the Company (each, an "Option Share"). The Options were exercisable at a price of CAD
About West High Yield
West High Yield is a publicly traded junior mining exploration and development company focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO2 emissions.
The Company's Record Ridge critical mineral 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 (titled "Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada") prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company's profile at https://www.sedarplus.ca.
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 TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) 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/231112
FAQ
How many stock options were exercised in West High Yield Resources (WHYRF) November 2024 announcement?
What was the exercise price of West High Yield Resources (WHYRF) stock options in November 2024?
When were the exercised stock options originally granted by West High Yield Resources (WHYRF)?
