On May 19, 2023, West High Yield (W.H.Y.) Resources Ltd. closed the transaction. The company issued 1,000,000 units at an issue price of CAD 0.36 per unit for gross proceeds of CAD 360,000 in its sixth tranche. Each warrant in the sixth tranche is exercisable into one additional share at a price of CAD 0.5625 for 36 months from the date of closing.

The closing of the sixth tranche is subject to the final approval of the TSX-V. All securities issued pursuant to the sixth tranche are subject to the statutory hold period that expires four months and one day from their issuance.