Western Pacific Resources Announces Private Placement
Suite 550– 800 West Pender | Vancouver, BC | V6C 2V6
TSX-V: WRP
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES
WESTERN PACIFIC RESOURCES ANNOUNCES PRIVATE PLACEMENT
Vancouver, BC —September 24th, 2019 Western Pacific Resources Corp. (the “ Company”) (TSX -V:
WRP) announces its intention to undertake a non -brokered private placement (the “ Offering”) to
raise aggregate gross proceeds of up to C$350,000. The Offering will consist of up to 2,333,333
units at a price of C$0.15 per unit (the “Units”).
Each Unit will consist of one common share and one common share purchase warrant (“Warrant”).
Each Warrant will entitle the holder to purchase one additional common share at a price of C$0.20
per common share for period of 5 years from the date of issue.
The Company will apply the net proceeds of the Offering towards general working capital purposes.
The Company may pay finders’ fees in connection with the Offering, in accordance with TSX Venture
Exchange policies. All securities issued under the offering will be subject to a four -month hold
period in accordance with applicable Canadian securities laws.
Final closing of this Offering is subject to final acceptance by the TSX Venture Exchange.
On Behalf of the Board of Directors of Western Pacific Resources Corp.,
“Jeff Sundar”
President & CEO
For further information, please contact:
Jeff Sundar, President & CEO
Tel: 604-646-8356
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-looking 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.