WCB Resources closes $310K private placement

CPE News

Vancouver (pcJ News Briefs) – WCB Resources Ltd. (TSX-V: WCB) has completed previously announced non-brokered private placement of 6,200,000 common shares at a price of $0.05 per share for gross proceeds of $310,000.

Sandfire Resources NL, the company’s largest shareholder, reportedly participated in the placement. No finder’s fees will be paid in connection with the financing.

WCB Resources focuses on Misima Island in Papua New Guinea where the team has defined a compliant NI43-101 mineral inventory of 1.7M ounces of Au and 9M ounces of Ag.

photo credit: WCB Resources