Stockwatch

Worldwide Resources Corp
Symbol	WR
Shares Issued	7,783,516
Recent Sedar Documents

Worldwide shares to be reinstated on NEX Oct. 6

2023-10-05 17:32 ET - News Release

Subject: Worldwide Resources Corp. (WR) - News Release PDF Document File: Attachment NR - NEX Reinstatement - 2023.10.05.pdf _____________________________________________________________________________________________________________________ October 5, 2023 TSXV: WR.H WORLDWIDE ANNOUNCES REINSTATEMENT OF TRADING ON NEX BOARD Worldwide Resources Corp. (TSX-V: WR.H) (the "Company") announces that, following a successful reinstatement review by the TSX Venture Exchange (the "TSXV"), the Company's common shares are expected to be reinstated for trading on the NEX board of the TSXV at market open on October 6, 2023, under the symbol "WR.H". The common shares were previously listed for trading on the TSXV, but during the year ended December 31, 2016, the Company relinquished title to the mineral claims comprising the Horden Lake Copper Project to the Company's senior secured lender and thereby failed to meet the TSXV's Continued Listing Requirements (as that term is defined in the policies of the TSXV). The Company's listing was subsequently transferred from the TSXV to the NEX board and the common shares suspended from trading. Corporate Update As described in the Company's most recent Management's Discussion and Analysis for the period ended June 30, 2023, the Company has nominal assets, significant liabilities and no current exploration plans. The Company no longer owns or controls any mineral properties or related assets. The Company's inability to access funding, significant cumulative operating losses and working capital deficiency, lack of exploration and evaluation assets, and non-compliance with respect to certain of its loans payable, each cast significant doubt upon the Company's ability to continue as a going concern. Current Business Strategy The Company remains focused on identifying and acquiring base and precious metal assets for exploration and development. The Company's management team has significant experience in exploration, discovery, development and mine production, and is seeking to add significant value to mineral assets through strategic acquisitions and a process-driven business plan. ON BEHALF OF THE BOARD OF DIRECTORS "D. Barry Lee" CFO & Director For information, please contact the Company at WR@firstmg.com or (604) 689-8336, ext. 101. 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. _____________________________________________________________________________________________________________________________________ 2 Forward-Looking Statements This news release may contain "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information may include, but is not limited to, statements with respect to the future price of metals, historical estimates of mineralization, capital expenditures, the success of exploration activities, permitting timelines, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, limitations on insurance coverage, the completion of regulatory approvals, and risks arising from the novel coronavirus. In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Any forward-looking information in this news release is based on a number of material factors and assumptions, including, but not limited to, those disclosed in the Company's public filings. While the Company consider these factors and assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons. Forward-looking information is based upon management's beliefs, estimates and opinions on the date the statements are made and, other than as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking information to reflect, among other things, new information or future events.