- Western Troy Capital Resources (WRY.H) has closed a private placement and option and earn-in agreement with US Copper Corp.
- Western Troy has an option to acquire a 100 per cent interest in 14 mineral claims covering approximately 227 hectares
- The company has made an initial payment of 200,000 common shares to US Copper
- A totoal of 2.3 million shares will be issued to US Copper within the next 15 months
- Western Troy has closed a non-brokered private placement for gross proceeds of $525,000
- Western Troy Capital Resources is focused on the acquisition, exploration, and evaluation of properties for the mining of precious and base metals
- Western Troy Capital Resources Inc. (WRY.H) opened trading at C$0.14 per share
Western Troy Capital Resources (WRY.H) has closed a private placement and option and earn-in agreement with US Copper Corp.
Western Troy was granted an option to acquire a 100 per cent interest in 14 mineral claims covering approximately 227 hectares in Whiteside Township in Timmins Ontario.
The company has made the initial payment by issuing 200,000 common shares to US Copper.
Western Troy will issue an additional 800,000 shares to US Copper within six months from the signing of the agreement and issue 1,500,000 shares to US Copper within fifteen months from the signing of the agreement.
Western Troy has closed a non-brokered private placement for gross proceeds of $525,000. The company intends to use the proceeds for general working capital purposes.
The company issued 4,200,000 units. Each unit consists of one common share and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at a price of $0.20 for a period of one year from the closing date of the offering.
Western Troy Capital Resources is focused on the acquisition, exploration, and evaluation of properties for the mining of precious and base metals.
Western Troy has been engaged in mineral exploration and mine development.