|August 06, 2013|
Western Pacific Retains Financial Advisory Consultant
|Vancouver, British Columbia, August 6, 2013 - Western Pacific Resources Corp. ("Western" - WRP: TSXV) is pleased to announce that it has signed an agreement whereby MGI Securities Inc. ("MGI") will provide financial consulting services to Western in relation to possible corporate transactions and/or obtaining debt or equity financing for the Company.|
Pursuant to the agreement, Western has agreed, subject to TSX Venture Exchange approval, to issue to MGI 30 days following the date of the agreement common shares in the capital stock of the Company having a value of $25,000 at a deemed price per share equal to the preceding 20 day volume weighted average price of the Company's shares.
MGI Securities is an established Canadian full-service investment firm. The company provides a comprehensive range of specialized services for institutional investors and professional private wealth management solutions for individual investors.
About Western Pacific
Western is focused on advancing a strong portfolio of advanced-stage projects in the Western United States including the proposed acquisition of the permitted Deer Trail Mine, Piute County, Utah. Western's team is led by technical and financial experts who aim to succeed in creating shareholder value. For more information, please visit our website at www.westernpacificresources.com.
ON BEHALF OF THE BOARD
Warwick Smith, Chief Executive Officer
1450 - 701 W Georgia Street
Canada V7Y 1G5
Erin Ostrom 604-692-2891
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, risks associated with the estimation of mineral resources and the geology, grade and continuity of mineral deposits, project cost overruns or unanticipated costs and expenses -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
You can view the Next News Releases item: Mon Aug 12, 2013, Western Pacific Reports Historic Sampling of up to 18.5 g/t Gold at Upper Deer Trail Mine
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