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.
As quoted in the press release:
Each Unit consists of one (1) Common Share (“Common Share”) and one (1) Common Share Purchase Warrant (“Warrant”). Ten full Warrants will entitle the holder to purchase one (1) Common Share of the Company at an exercise price of $0.60 for a period of one year from the date of issue.