WPC Resources Inc.
TSX VENTURE : WPQ

WPC Resources Inc.

September 18, 2015 19:14 ET

WPC Resources Issues Shares Under Ulu Option Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 18, 2015) - WPC Resources Inc. (the "Company" or "WPC") (TSX VENTURE:WPQ) announces it has issued Mandalay Resources Inc. 3,000,000 common shares (the "Shares") in the Company. The Shares were issued pursuant to the Ulu Property Option Agreement (the "Agreement") (news release dated June 2, 2014) and represent the second of four share payments under the Agreement.

The Company also announces it has granted directors, employees and consultants, incentive stock options to purchase up to an aggregate of 3,925,000 common shares exercisable on or before August 19, 2020 at a strike price of $0.10 per share.

About WPC Resources Inc.

WPC is a Vancouver, British Columbia-based gold exploration company focused on mineral exploration and development. The Company has entered into a letter of intent to acquire a 100% interests in the historic past producing Lupin Gold Mine plus the advanced Ulu Gold Project and adjacent prospects from Mandalay Resources Corporation. The Company has also entered into agreements to acquire Inukshuk Exploration Inc., the owner of a 100% interest in the 8,000 ha Hood River property located contiguous to the Ulu Gold Project. The Company is listed on the TSX-V with the trading symbol: "WPQ".

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, are forward-looking statements 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 the 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.

Issued and Outstanding: 68,500,304 Common Shares

Contact Information

  • WPC Resources Inc.
    Stephen Wilkinson
    President
    778-379-1433