VANCOUVER, Jan. 14, 2014 /PRNewswire/ - Western Pacific
Resources Corp. ("Western Pacific" or the
"Company") (WRP - TSXV) is pleased to
announce the voting results at the Company's annual and special
meeting held today.
Shareholders voted overwhelmingly in favour of
all matters brought before the meeting including the appointment of
auditors for the ensuing year; the election of management's
nominees as directors; and approval of the Company's stock option
plan, advance notice policy, and the convertible note financing
with Quintana Minerals Corporation.
Warwick Smith, the Company's CEO, said: "We are
very pleased that our shareholders have approved the transaction
with Quintana. We are looking forward to getting to work at the
Deer Trail Mine and moving Western Pacific forward."
About Western Pacific Resources Corp.
Western Pacific is focused on advancing a strong
portfolio of projects in the Western
United States, including the Deer Trail Mine in Piute County, Utah. Western Pacific's
team is led by technical and financial experts who aim to succeed
in creating shareholder value. For more information, please visit
our website at www.westernpacificresources.com.
About Quintana Minerals Corporation
Quintana Minerals Corporation ("QMC") is the
management company for a portfolio of energy and natural
resources-based private and publicly-traded companies controlled
and/or operated by the Corbin J. Robertson Jr. family. The
company was formed in 1963 as a division of Quintana Petroleum
Corp. and has actively developed and operated precious and
industrial metals/minerals projects throughout the Americas.
The following are examples of some the group's on-going ventures:
Natural Resource Partners L.P., a publicly traded MLP (NYSE: NRP);
Great Northern Properties L.P., a private company that holds over
22 billion tons of coal reserves; Corsa Coal Corp., a publicly
traded junior mining company (TSXV: CSO); Quintana Energy Partners,
L.P., an energy-focused private equity fund; and Quintana Shipping
Ltd., the group's 2nd dry bulk shipping venture. For
more information please contact Oliver
Rodz, Managing Director of QMC, 601 Jefferson Street, Suite
3600, Houston, Texas 77002 (tel:
713-751-7500).
ON BEHALF OF THE BOARD
Warwick Smith, Chief Executive Officer
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.
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements contained in this press
release constitute forward-looking statements within the meaning of
Canadian securities legislation. Forward-looking statements
contained in this news release include, without limitation,
statements in respect of the closing of the DTM Acquisition, the
closing of the proposed Financing and future payments and purchases
of Base Metals pursuant to the Streaming Transaction with
Quintana. These statements relate to future events, business
prospects or opportunities and product development. All such
statements other than statements of historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as "seek",
"anticipate", "plan", "continue", "estimate", "expect, "may",
"will", "project", "predict", "potential", "targeting", "intend",
"could", "might", "should", "believe" and similar expressions. The
Company believes that the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon. Actual
results and developments may differ, and may differ materially,
from those expressed or implied by the forward-looking statements
contained in this news release.
Forward-looking statements involve known and
unknown risks, uncertainties, assumptions of management and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statement, including but not limited to: (a) the conditions to
closing of the DTM Acquisition not being met; (b) the Company being
unable to meet the milestones for purchases of Secured Notes under
the Investment Agreement; (c) the Company being unable to obtain
final TSXV approval of the Financing or Streaming Transaction;
(d) the Company being unable to raise additional fund to
finance the development of the DTM Project; (e) the Company being
unable to comply with the conditions to advances to the Upfront
Payment under the BMPA; (f) risks associated with the results of
exploration activities, the interpretation of drilling results and
other geological risks, estimation of mineral resources and the
geology, grade and continuity of mineral deposits, project cost
overruns or unanticipated costs and expenses; and (g) such other
risks detailed from time-to-time in the Company's quarterly and
annual filings with securities regulators and available under the
Company's profile on SEDAR at www.sedar.com.
Although the Company believes that the
expectations conveyed by the forward-looking statements are
reasonable based on the information available to it on the date
such statements were made, no assurances can be given as to future
results, approvals or achievements. Such forward-looking
statements have been made for the purpose of assisting investors in
understanding the Company's business, financial and operational
performance and plans and may not be appropriate for other
purposes. The forward-looking statements contained in this
news release are expressly qualified by this cautionary
statement. The Company disclaims any duty to update any of
the forward-looking statements after the date of this news release
to conform such statements to actual results or to changes in the
Company's expectations except as otherwise required by applicable
law.
SOURCE Western Pacific Resources Corp.