Western Plains Resources (WPG)
Extension of WISCO Conditions Precedent Period
Western Plains Resources Ltd (ASX: WPG) is pleased to announce that it and
Wugang Australian Resources Pty Ltd (WISCO) have today agreed to a three month
extension to the condition precedent period in the Hawks Nest joint venture
transaction documents.
The extension of time has been agreed in order for WPG and WISCO to more fully
assess the impact of the position taken by the Department of Defence referable to
the Company?s announcement last Wednesday, 23 September 2009 and to engage
in further discussions with Defence.
WPG notes with thanks the strong support evident in statements issued by the SA
Minister for Resources Development, the Hon. Paul Holloway and SA Premier the
Hon. Mike Rann, who has according to media reports indicated that he is personally
approaching Prime Minister the Rt Hon. Kevin Rudd seeking Defence?s return to the
negotiating table.
Further Information
WPG Executive Chairman Bob Duffin
(02) 9247 3232 or 0412 234 684
Heath Roberts, WPG Executive Director and General Counsel
(02) 9247 7359 or 0419 473 925.
Doug Macdonald
0424 255 959
Capital Group