22:25:47 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



WPC Resources Inc (2)
Symbol WPQ
Shares Issued 98,500,304
Close 2016-05-17 C$ 0.095
Market Cap C$ 9,357,529
Recent Sedar Documents

WPC Resources working on definitive deal for Lupin

2016-05-17 18:01 ET - News Release

Mr. Stephen Wilkinson reports

WPC RESOURCES PROVIDES CORPORATE UPDATE

WPC Resources Inc. has provided an update on corporate activities and operational plans for 2016. WPC is currently working on a definitive agreement with Mandalay Resources Corp. to acquire 100-per-cent ownership of Lupin Mines Inc. Lupin Mines owns the past-producing Lupin gold mine and the advanced-stage Ulu gold project.

Upon completion of the acquisition of Lupin Mines, the company will become a potential near-term gold producer. The Lupin gold mine consists of a permitted and bonded past-producing gold asset with existing and maintained mine, mill, and camp infrastructure. During 2016, WPC plans an initial 3,000-metre ($1.5-million budget) drill program at Lupin to identify near-term production targets, as well as a mill and mine refurbishment study, both intended to position the company to restart production at Lupin as expeditiously as possible.

We seek Safe Harbor.

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