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WP Western Pacific Trust Company

0.30
0.00 (0.00%)
17 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Western Pacific Trust Company TSXV:WP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.30 0.225 0.30 0 01:00:00

Western Pacific Trust Company Announces Private Placement of Units

24/04/2012 12:15am

Marketwired Canada


Western Pacific Trust Company (TSX VENTURE:WP) - 

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES NEWSWIRE
SERVICES.


Western Pacific Trust Company (the "Company" or "Western Pacific") announces a
private placement (the "Offering") of up to 2,750,000 Units of the Company
(each, a "Unit") at a price of $0.10 per Unit for gross proceeds of up to
$275,000. Each Unit is comprised of one common share (each, a "Share") in the
capital of Western Pacific and one non transferable common share purchase
warrant (each, a "Warrant"). Each Warrant shall entitle the holder thereof to
acquire one Share (each, a "Warrant Share") at a price of $0.15 per Warrant
Share until 5:00 p.m. (Vancouver time) on the date of expiration of the Warrant,
which is twelve (12) months following the Closing Date.


The Closing is subject to the placement of Units equivalent to a minimum
aggregate amount of $200,000, or such other amount as may be determined by the
Company in its sole discretion.


The Company intends to use the proceeds of the Offering to fund for general
working capital purposes, and acceleration of its business and marketing plans. 


All of the securities to be issued by the Company in connection with this
Offering will be subject to a hold period, which will expire four months and a
day after the Closing Date. 


The Closing of the Offering is subject to approval from the TSX Venture Exchange. 

This news release is not an offer of Shares for sale in the Unites States. The
Shares have not been and will not be registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sole in the United States absent
registration or an applicable exemption from registration. This press release
shall not constitute an offer to sell or solicitation of an offer to buy nor
shall there by any sale of the above described securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.


About Western Pacific Trust Company

Western Pacific Trust Company is a non-deposit taking Trust Company. Western
Pacific is licensed to do trust business under the Financial Institutions Act in
British Columbia, and is also registered extra-provincially in Alberta, as a
non-deposit taking Trust Company. 


On Behalf of the Board,

WESTERN PACIFIC TRUST COMPANY 

John de Wit, President and CEO

This news release contains forward-looking statements and forward-looking
information, which are based on information currently available to the Company,
and the Company provides no assurance that actual results will meet management's
expectations. Forward-looking information includes estimates and statements that
describe the Company's future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to
occur.


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