Western Troy Capital Resources Inc.

Western Troy Capital Resources Inc.

July 31, 2014 09:00 ET

Western Troy Receives $117,000 in Quebec Tax Refunds, Provides Update

TORONTO, ONTARIO--(Marketwired - July 31, 2014) - Western Troy Capital Resources (TSX VENTURE:WRY) ("Western Troy" or the "Company") is pleased to announce it has received $117,101.10 in Quebec tax refunds. The tax refunds are for qualified exploration expenses incurred on mineral projects in Quebec for tax years 2012 and 2013.

Western Troy reports the GENIVAR litigation is in the discovery stage and there is a Case Management Conference scheduled for mid-August. The Conference is for the purpose of scheduling and expediting the remaining steps necessary before setting the action down for trial, including examinations for discovery and mandatory mediation. Western Troy, through diligence and court orders, is moving the litigation forward.

Western Troy's CEO, Rex E. Loesby, commented, "Our cash position remains strong and we continue to seek opportunities in the form of acquisitions or business combinations that will create value for our shareholders. We believe that our claim against GENIVAR has merit and will ultimately be successful."

About Western Troy: Western Troy's shares trade on the TSX Venture Exchange under the symbol WRY. Western Troy has 33,589,970 shares outstanding. More information on Western Troy can be found on its Website at www.westerntroy.com.

CAUTIONARY STATEMENT: Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements." Other than statements of historical fact, all statements included in this release, including, without limitation, future plans and objectives of the Company, implementation of the Consolidation, and possible outcomes in respect of the GENIVAR litigation, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are the risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Contact Information