WPC Resources Inc. Announces Private Placement
September 17 2012 - 7:25AM
PR Newswire (Canada)
TSX-V: WPQ VANCOUVER, Sept. 19, 2012 /CNW/ - WPC Resources Inc.
("WPC" or the "Company") is pleased to announce a non-brokered
private placement (the "Private Placement") pursuant to which WPC
proposes to issue up to 7,692,307 units at a price of $0.065 per
unit for gross proceeds of up to $500,000. The Private
Placement is subject to the approval of the TSX Venture Exchange.
Each unit under the Private Placement will consist of one common
share and one transferable common share purchase warrant.
Each common share purchase warrant will entitle the holder to
purchase one additional common share of the Company at an exercise
price of $0.12 for 24 months following the closing of the Private
Placement (the "Closing"). The Company will use the net proceeds of
the Private Placement to fund the work program on the Company's
"Toiyabe Pediment" and "ZPG" properties which are located in
central Nevada within the Battle Mountain-Eureka Trend near the
Cortez District. About WPC Resources Inc. WPC Resources Inc. is a
Vancouver, British Columbia based gold exploration and development
company. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND
INFORMATION This news release contains certain "forward-looking
information" within the meaning of Canadian securities laws. Actual
results may differ materially from those indicated by such
forward-looking information. All information included herein, other
than statements of historical fact, including, without limitation,
information regarding future production, is considered
forward-looking information and involves various risks and
uncertainties. There can be no assurance that the forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Neither 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. WPC Resources Inc. CONTACT: Allan Fabbro,
PresidentTelephone: (604) 351-8850
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