Brief: WPC signs agreement with Mandalay resources to buy Lupin gold mine, Ulu gold project

Blue Star Gold

01/11/2016 15:47

Nov 1 (Reuters) - Wpc Resources Inc:  
    * WPC signs definitive agreement with Mandalay resources to 
acquire the Lupin gold mine and the Ulu gold project 
    * Upon completion ,Mandalay will own 20 million common 
shares of WPC 
    * Upon completion, Mandalay will have right to acquire up to 
additional 16 million common shares of WPC upon conversion of 
convertible note 
    * Signed a definitive agreement with Mandalay resources 
corporation to acquire its 100%-owned subsidiary, Lupin mines 
incorporated 
 
Source text for Eikon:  ID:nCCNv4LfX  
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