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Western Troy Capital Resources Inc.

Publié le 28 avril 2014

Western Troy Provides Corporate Update and Announces Possible Share Consolidation

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Western Troy Provides Corporate Update and Announces Possible Share Consolidation

TORONTO, ONTARIO--(Marketwired - Apr 28, 2014) - Western Troy Capital Resources (TSX VENTURE:WRY) ("Western Troy" or the "Company") is pleased to announce that the Company is proposing to implement a possible consolidation of its common shares (the "Shares") on the basis of up to one (1) post-consolidation Share for five (5) pre-consolidation Shares (the "Consolidation"). The Consolidation is subject to the approval of the TSX Venture Exchange and the Company's shareholders (the "Shareholders"). The Company also advises that it will send materials relating to this year's annual and special meeting to be held on May 29, 2014, which details on the proposed Consolidation, to Shareholders of record as of April 16, 2014.

"We have asked for shareholder approval of a consolidation of the shares of Western Troy. This will allow us to be more flexible in negotiating favorable terms for possible acquisitions and the associated funding that might be necessary going forward. We do not anticipate effecting a share consolidation unless it is desirable as part of what could be a favorable transaction for our shareholders."

"We have been diligent in the pursuit of Western Troy's claims in the GENIVAR litigation. Based on the information we have to date, we remain confident that Western Troy has a strong claim against GENIVAR. The cost of the litigation has been substantially less than we originally estimated when we began the process of recovery of damages."

"Our cash position remains strong and, while we will continue to pursue business combinations and/or acquisitions, we have the resources to maintain the Company well beyond the end of 2015 without the need to raise additional capital. This includes an estimate for the cost of the GENIVAR litigation through a full trial."

About Western Troy: Western Troy's shares trade on the TSX Venture Exchange under the symbol WRY. Western Troy has 33,589,970 shares outstanding. More information on Western Troy can be found on its Website at www.westerntroy.com.

CAUTIONARY STATEMENT: Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements." Other than statements of historical fact, all statements included in this release, including, without limitation, future plans and objectives of the Company, implementation of the Consolidation, and possible outcomes in respect of the GENIVAR litigation, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are the risks detailed herein and from time to time in the filings made by the Company with securities regulators.

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Western Troy Capital Resources Inc.

ISIN : CA9599071060
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Western Troy Capital est une société d’exploration minière d'argent et d'or basée au Canada.

Western Troy Capital détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont MCLEOD LAKE et SCHEFFERVILLE GOLD au Canada.

Western Troy Capital est cotée au Canada. Sa capitalisation boursière aujourd'hui est 6,4 millions CA$ (5,1 millions US$, 4,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 27 avril 2007 à 2,15 CA$, et son plus bas niveau récent le 08 janvier 2019 à 0,01 CA$.

Western Troy Capital possède 33 589 970 actions en circulation.

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Attributions d'options de Western Troy Capital Resources Inc.
15/04/2011Grants Options
Projets de Western Troy Capital Resources Inc.
09/04/2013Rick Rule on Gold and Resource Stocks
Communiqués de Presse de Western Troy Capital Resources Inc.
18/11/2014Western Troy Provides Update
31/07/2014Western Troy Receives $117,000 in Quebec Tax Refunds, Provid...
29/05/2014Western Troy Holds Annual General Meeting of Shareholders
28/04/2014Western Troy Provides Corporate Update and Announces Possibl...
02/12/2013Season's Greetings From Western Troy
31/08/2012Files Notic of Action Against GENIVAR - Press Release
25/01/2012MacLeod Lake Assays
23/06/2011Drills 3.3 Metres of 2.4% Copper at Lake Chibougamau
10/06/2011Receives Assay Results at Deborah Lake, Partner Match Capita...
16/05/2011Completes Drilling Under Lake Chibougamau, Stakes Claims on ...
09/05/2011Quebec Premier Charest Announces "Plan Nord"
18/03/2011Quebec Budget Includes Full Funding of Otish Mountain Road, ...
02/03/2011to Drill at Deborah Lake
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