trending Market Intelligence /marketintelligence/en/news-insights/trending/NLZ73hcWigU1a84pE1upKQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

West High Yield's C$1M private placement raises C$500,000

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

West High Yield's C$1M private placement raises C$500,000

said April 27 that it has completed its up to C$1 millionnon-brokered privateplacement of common shares announced in March, raising justC$500,000.

The companyissued 1,515,151 common shares at 33 Canadian cents each.

The companyalso said that it has entered into an unsecured loan agreement with a privatecompany for C$1 million, maturing in 10 years and bearing an 11.61% interest perannum, compounded in arrears.

Proceedsfrom the private placement and the loaned amount will be used for the company'senvironmental study and mine plan development as part of its licenseapplication and processing of 10,000 tonne bulk samples of magnesium and goldon West High Yield's RecordRidge South property, as approved by the British Columbia Ministryof Energy and Mines.

Bothoperations are expected to commence in the summer of this year subject tofurther funding.