WCB Resources is pleased to announce that Kingston Resources has completed its acquisition of WCB by acquiring all of the outstanding shares and warrants of WCB pursuant to a plan of arrangement under the Business Corporations Act . On November 7, 2017, the WCB shareholders voted unanimously in favour of the Plan of Arrangement and on November 9 [...]
WCB Resources announced on 21 September 2017 that an Arrangement Agreement had been executed with Kingston Resources to merge the companies by way of a Plan of Arrangement under British Columbia corporate law. The Companies have now completed the WCB shareholder Information Circular and WCB has obtained an interim order from the British Columbia [...]
WCB Resources and Kingston Resources are pleased to announce that further announcement on 1 September 2017 that a Binding Heads of Agreement had been executed with WCB to merge the companies by way of a Canadian Plan of Arrangement, the Companies have now executed a binding Arrangement Agreement pursuant to which KSN will acquire all of the issued [...]
WCB Resources and Kingston Resources and are pleased to announce that they have executed a binding HOA dated August 29, 2017 to merge the two companies which is to be structured as a plan of arrangement under Canadian law or such other structure to be determined in a manner that is mutually agreeable to the parties. Each WCB shareholder at the [...]
Gold Mineral Resource Highlights include: An Indicated Mineral Resource comprising 1.3 million ounces of gold and 6.5 million ounces of silver An Inferred Mineral Resource comprising 1.0 million ounces of gold and 7.3 million ounces of silver Updated Mineral Resource estimates have been completed for the Umuna Prospect and the Ewatinona Prospect [...]
WCB Resources is actively engaged in further channel sampling and mapping at the Umuna Au Project in PNG. This ongoing systematic exploration program is focussed on the identification and evaluation of surface extensions to the Umuna Zone, the main zone of mineralisation on Misima, in preparation for further increasing the geological knowledge and [...]
WCB Resources is pleased to announce that it has closed its recently announced private placement. It has issued 6,200,000 Common Shares of the Company at a price of $0.05 per Common Share to raise gross proceeds of $310,000. The private placement is subject to exchange acceptance. All of the securities issued pursuant to this offering will have a [...]
Further to the announcement dated February 16 and March 31, WCB Resources announces it has issued 3,000,000 common shares to one creditor of the Company in consideration for settlement of a total combined debt of $150,000 a deemed price of $0.05 per share. The debt, and current conversion, was an advance to WCB as part of a Heads of Agreement for a [...]
Further to the announcement dated February 16, 2017 WCB Resources announces the termination of the Heads of Agreement with GBM Resources due to the financing conditions for the definitive agreement not being met prior to the deadline of March 31, 2017. GBM announced on March 31, 2017 that completion of their $10million Loan Agreement was [...]
WCB Resources announces that because of differences in Canadian and Australian reporting requirements for mineral projects, it is clarifying certain disclosures in its press release dated February 16, announcing the execution of a binding heads of agreement with GBM Resources. The Press Release contains disclosure of GBM's resources for its [...]
GBM Resources and WCB Resources have executed a Binding Heads of Agreement (HOA) to merge resulting in a substantial ASX listed gold development and exploration Company focussed in Australia and Papua New Guinea. The merger combines the advanced stage gold assets of Mt Coolon in Australia and the Misima Gold Project in Papua New Guinea in addition [...]
WCB Resources sadly announces that co-founder and non-executive director Peter Lynch has passed away as a result of a tragic plane accident in Perth, Australia. The WCB Board are deeply saddened by the sudden unexpected passing of their fellow director and friend. Our deeply felt sympathies are with Peter's family and friends. On behalf of the [...]
