Magnesium-Ion Batteries: A Game-Changing Development in Energy Storage

WHY.V     0.31          3.0%      Volume:  139100.0      Bid:  0.3050 x 0      Ask:  0.3100 x 0      Day Range:  0.2900 - 0.3500      Last Updated:  05:30PM
West High Yield releases financial results

CALGARY, ALBERTA – August 15, 2014. West High Yield (W.H.Y.) Resources Ltd. (“West High Yield” or the “Company”) announces the release of its financial results and Management Discussion and Analysis (“MD&A”) for the six months ended June 30, 2014. The unaudited interim condensed financial statements and related MD&A for the year six months ended June 30, 2014 have been filed with Canadian securities regulatory authorities on SEDAR at www.sedar.com.

On July 31, 2014 the Company announced a non-brokered Private Placement of up to

$600,000 of Units. Each Unit is priced at $0.30 and consists of one (1) Common Share (“Common Share”) and 1/10 of 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 $0.45 for a period of one year from the date of issue. The Private Placement is subject to receipt of all necessary regulatory approvals including final approval of the TSX Venture Exchange. The proceeds of the Private Placement will be used for general corporate purposes, working capital and obtaining permits for the sale of a 10,000 ton bulk sample and gold reclamation. Closing is anticipated to take place on or before September 10, 2014.

About West High Yield

West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada with a primary objective to locate and develop economic gold, nickel and magnesium properties.

For further information please contact:
Frank Marasco

President and Chief Executive Officer West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 660-3488

Facsimile: (403) 206-7159

Email: [email protected]

Dwayne Vinck

Chief Financial Officer

West High Yield (W.H.Y.) Resources Ltd. Telephone: (403) 257-2637

Facsimile: (403) 206-7159 Email: [email protected]

Reader Advisory

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.