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NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS.
West
High Yield (W.H.Y.) Resources Ltd. ("West High Yield" or the "Company") (TSX
VENTURE:WHY) announces the
release of its financial results and the Management Discussion and Analysis
("MD&A") for the three and nine months ended September 30, 2009. The
unaudited interim financial statements and related MD&A for the three and
nine months ended September 30, 2009 have been filed with Canadian securities
regulatory authorities on SEDAR at www.sedar.com.
On
November 26, 2009, the Company's Board of Directors approved the terms of a
$200,000 loan to the Company from Big Mountain Development Corp. Ltd., a
related party. The loan is secured by a promissory note and general security
agreement, has a one year term and an 8% interest rate. The Company also
reports that, pursuant to a request from the Investment Industry Regulation
Industry of Canada ("IIROC"), there are no other material events to report at
this time.
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.
READER
ADVISORY
This news release may
contain certain forward-looking statements, including
management's assessment of future plans and operations, and capital
expenditures and the timing thereof, that
involve substantial known and unknown risks and uncertainties, certain of which
are beyond the Company's control. Such risks and
uncertainties include, without limitation, risks associated with mining
exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks,
competition from other explorers and producers, inability to retain drilling
rigs and other services, delays resulting from or inability to obtain required
regulatory approvals and ability to access sufficient capital from internal and
external sources, the impact of
general economic conditions in Canada, the United States and overseas, industry
conditions, changes in laws and regulations (including the adoption of new
environmental laws and regulations) and changes in how they are interpreted and
enforced, increased competition, the lack of availability of qualified
personnel or management, fluctuations in foreign exchange or interest rates,
stock market volatility and market valuations of companies with respect to
announced transactions and the final valuations thereof, and obtaining required
approvals of regulatory authorities. The Company's actual results, performance
or achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurances can be given
that any of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits, including the
amount of proceeds, that the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not
exhaustive. All subsequent
forward-looking statements, whether written or oral, attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. Furthermore, the
forward-looking statements contained in this news release are made as at the
date of this news release and the Company does not undertake any obligation to
update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
may be required by applicable securities laws.
42,692,794
Common Shares Issued
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.
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