VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 5, 2017) - Western Resources Corp. (TSX:WRX) ("Western Resources" or the "Company") is pleased to announce that effective today the Company commences trading on the Toronto Stock Exchange under the symbol WRX.
Western Resources was established for the purpose of a plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) pursuant to which Western Resources had acquired all of the issued and outstanding common shares of Western Potash Corp. ("Western Potash"), the former TSX-listed company. The Arrangement was completed on March 31 and Western Potash has become a wholly-owned subsidiary of Western Resources. The common shares of Western Potash were delisted from the TSX upon the commencement of trading and listing of the Western Resources common shares at the opening of business on April 5, 2017, on the basis of one Western Potash share being exchanged for 0.2 of a Western Resources share.
Western Resources will have the first board meeting of the newly constituted board subsequent to the completion of the Plan of Arrangement today, April 5th to discuss the Company's development strategy and other important issues. Related news will be disseminated in a timely manner.
For more information on Western Resources Corp., please visit the Company's website at www.westernresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Certain statements contained in this news release constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as "anticipate", "continue", "estimate", "expect", "expected", "intend", "may", "will", "project", "plan", "should", "believe" and similar expressions (including negative variations), or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws.