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.
SOURCE: WPC Resources Inc.
For further information:
Allan Fabbro, President
Telephone: (604) 351-8850