WPC Resources Inc. Closes Non-Brokered Private Placement
02 Oktober 2012 - 12:39AM
PR Newswire (Canada)
TSX-V: WPQ VANCOUVER, Oct. 5, 2012 /CNW/ - WPC Resources Inc. (the
"Company") announces that, further to its news release dated
September 19, 2012, it has completed its non-brokered private
placement. The Company issued an aggregate of 7,540,768 units
at a price of $0.065 per unit for gross proceeds of
$490,149.92. Each unit consists of one common share and one
common share purchase warrant which entitles the holder to purchase
an additional common share of the Company at a price of $0.12 until
October 5, 2014. The shares and underlying shares are subject
to a four month hold period. The Company paid finder's fees in the
amount of $1,456 in connection with the private placement. The
proceeds of the Private Placement will be used to fund the work
program on the Company's "Toiyabe Pediment" and "ZPG"
properties. The properties 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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