Western Pacific Announces Effective Date of Consolidation
Suite 550– 800 West Pender | Vancouver, BC | V6C 2V6
TSX-V: WRP
Western Pacific Announces Effective Date of Consolidation
Vancouver, British Columbia – November 5th 2018: Western Pacific Resources Corp. (“Western Pacific” or
the “Company”) (TSXV: WRP) announces that further to the Company’s news release dated October 22, 2018,
the Company’s consolidation of its common share capital will be completed effective November 6, 2018 (the
“Effective Date”) on the basis of one (1) new common share without par value for every four (4) existing common
shares without par value (the “Consolidation”). As a result of the Consolidation, the number of issued and
outstanding common shares of the Company will be reduced from 6,302,332 pre-Consolidation common shares
without par value to approximately 1,575,583 post -Consolidation common shares without par value, subject to
adjustment for treatment of fractional common shares. The Company’s name and trading symbol will remain the
same.
No fractional post -Consolidation common shares will be issued pursuant to the Consolidation. Where the
Consolidation would otherwise result in a shareholder of the Company being entitled to a fractional common
share, the number of post-Consolidation common shares issued to such shareholder shall be rounded up to the next
whole number if the fractional entitlement is equal to or greater than 0.5 and shall be rounded down to the lesser
whole number if the fractional entitlement is less than 0.5. In c alculating such fractional common shares, all
common shares held by a beneficial holder shall be aggregated.
Registered shareholders must submit their respective share certificate(s) representing pre-Consolidation common
shares to the Company’s transfer agent, Computershare Trust Company of Canada, 3rd Floor, 510 Burrard Street,
Vancouver, BC V6C 3A8, to receive share certificates representing their post -Consolidation common shares.
Computershare website and contact number : https://www.computershare.com/ca/en, (604) 661 -9400. Until so
surrendered, each share certificate representing pre -Consolidation common shares will represent the number of
whole post-Consolidation common shares to which the holder is entitled as a result of the Consolidation.
Shareholders holding their common shares through a bank, broker or other nominee should note that banks,
brokers or other nominees may have different procedures for processing the Consolidation than those put in place
by the Company and Computershare Trust Company of Canada. Accordingly, shareholders who hold common
shares with banks, brokers or other nominees and have questions in this regard are encouraged to contact such
persons.
On behalf of the Board,
‘Jeff Sundar’
Jeff Sundar
President and Chief Executive Officer
For more information visit the Company’s website at www.westernpacificreasources.com or via email at
[email protected] or telephone at 604 646-8356.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain “forward-l ooking statements” within the meaning of Canadian securities legislation
relating to the Share Consolidation. Although the Company believes that such statements are reasonable, it can give no
assurance that such expectations will prove to be correct. Forward -looking statements are statements that are not historical
facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," "projects," "aims," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or
"should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that
forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the
statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such
statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such
statements. Except to the extent required by applicable securities laws, the Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could
cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that
the TSX Venture Exchange will not approve the Share Consolidation.