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WYM Waymar Resources Ltd

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Share Name Share Symbol Market Type
Waymar Resources Ltd TSXV:WYM 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 -

Waymar Announces Exercise of Option on Anza Property and a Promissory Note

25/06/2013 1:30pm

Marketwired Canada


Waymar Resources Ltd. ("Waymar" or the "Company") (TSX VENTURE:WYM) is pleased
to announce that the Company has made the final option cash payments aggregating
US$2,000,000 and issued 2,000,000 common shares to the optionors and has
exercised its option to acquire 100% interest in the Anza Property, Colombia.


Pursuant to the Anza Property Option Agreement made effective June 29, 2010, the
Company entered into a property option agreement to acquire a 100% legal and
beneficial interest in the Anza property comprised of approximately 6,738
hectares of mineral rights located on the eastern-most margin of Colombia's
Western Cordillera, 50 km west of Medellin. In order to exercise its option, the
Company paid US$3,800,000 over a three year period, issued 3,800,000 common
shares to the optionors over a three year period and made expenditures on the
property in excess of US$4,000,000 over a three year period. The optionors will
retain a 2% net smelter return royalty on the property, 50% of which may be
purchased by the Company for US$1,000,000.


"This is a significant milestone for the Company. We have honoured all our
commitments under the Option Agreement and will continue to unlock the full
potential of the Anza deposit," said Pablo Marcet, president of Waymar.


The Company has also entered into a loan agreement with Continental Gold Limited
by issuing a US$500,000 promissory note. The promissory note is non-interest
bearing with a maturity date of March 1, 2014 and is secured by registration of
a general security agreement over the Company's personal property.


About Waymar Resources Ltd.

Waymar Resources Ltd. is a Canadian mineral exploration company that has
acquired a 100% interest in the Anza project located in the west of the
Antioquia Department in the Republic of Colombia. Colombia is a significant
producer of gold, nickel, emeralds, petroleum and natural gas as well as a
leading producer of coal in Latin America. Waymar also has 100% ownership of
certain properties surrounding Anza to cover district potential and is
continually seeking opportunities to acquire exploration properties. Waymar
trades on the TSX Venture Exchange under the symbol "WYM". 


WAYMAR RESOURCES LTD.

Per: Pablo Marcet, President & CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


This press release may contain "forward looking statements" and "forward-looking
information" within the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", "estimates", "intends",
"anticipates" or "believes" or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might", or
"will be taken", "occur", or "be achieved". Forward-looking information is based
on the reasonable assumptions, estimates, intentions, analysis and opinions of
Waymar made at the date that such statements are made. Forward looking
information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of Waymar to be materially different from those expressed or
implied by such forward-looking information. Accordingly, readers should not
place undue reliance on forward-looking information. Any forward-looking
information contained herein is presented for the purposes of assisting
investors in understanding Waymar's plans and objectives and may not be
appropriate for other purposes. Waymar does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws. 


Shares Outstanding: 49,245,170

FOR FURTHER INFORMATION PLEASE CONTACT: 
Waymar Resources Ltd.
Investor relations
1-778-373-0100
info@waymarresources.com

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