West High Yield (W.H.Y.) Resources Ltd.: West High Yield Announces Receipt of $750,000 Secured Loan and Closing of Private Placement
West High Yield or the
Company ) announces that it has arranged for a loan to be provided by Big Mountain Development Corp. Ltd. (the
Lender ), a related party of the Company, in the principal amount of CAD$750,000 (the
Loan ). The Loan will have a term of 12 months and will bear interest at the rate of 10% per annum. The Loan will be secured by the previously executed first charge general security agreement on all of the present and after-acquired property of the Company granted in favour of the Lender.