Oct 5 (Reuters) - West High Yield Why Resources Ltd WHY.V :
* West High Yield reaches agreement to sell mining assets for $750 million USD
* Says after deal close, expected that co will distribute vast majority of proceeds from sale to its shareholders
* Says signed agreement to sell 100 pct of its right, title, interest in record ridge south, midnight,O.K. Mineral properties to Gryphon Enterprises