VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 15, 2013) - West Point Resources Inc. ("West Point" or the "Company") is pleased to report that the Company is in advanced discussions with several Capital Pool Companies ("CPC") listed on the TSX Venture regarding potential business combination that would constitute a Qualifying Transaction for the CPC. West Point has a 100% earn-in interest in the Ruby Range Gold Property, Yukon, Canada. West Point's capital structure with only 4.3 million shares outstanding, experienced management team, a well-known project partners in Rockhaven Resources and Archer Cathro, which will own over 15% of the Company's shares, post-closing, and drill-ready gold property makes it a prime target company for a Qualifying Transaction. Now that potential business combination discussions are underway, the Company will be undertaking a private placement in conjunction with a potential business combination to satisfy TSX Venture listing requirements.
West Point completed a 600 line kilometers VTEM airborne survey over the Kluane claim block in 2012 and has completed its 43-101 technical report on the property.
West Point is a private company, with offices in Vancouver, B.C. and Toronto, Ontario, Canada. The Company's primary focus is its Ruby Range Gold Project located in the Whitehorse district of Yukon, Canada. West Point's management team has extensive experience in mineral exploration, mining and project financing. In addition, it has a technical and business staff with extensive public and private company experience.
We seek Safe Harbor.
On behalf of the Board of Directors
Rav Mlait, President and CEO
West Point Resources Inc.