VANCOUVER,
Aug. 6, 2013 /CNW/ - Western
Pacific Resources Corp. ("Western" - WRP: TSXV) is pleased to
announce that it has signed an agreement whereby MGI Securities
Inc. ("MGI") will provide financial consulting services to Western
in relation to possible corporate transactions and/or obtaining
debt or equity financing for the Company.
Pursuant to the agreement, Western has agreed,
subject to TSX Venture Exchange approval, to issue to MGI 30 days
following the date of the agreement common shares in the capital
stock of the Company having a value of $25,000 at a deemed price per share equal to the
preceding 20 day volume weighted average price of the Company's
shares.
MGI Securities is an established Canadian
full-service investment firm. The company provides a comprehensive
range of specialized services for institutional investors and
professional private wealth management solutions for individual
investors.
About Western Pacific
Western is focused on advancing a strong
portfolio of advanced-stage projects in the Western United States including the proposed
acquisition of the permitted Deer Trail Mine, Piute County, Utah. Western's team is led by
technical and financial experts who aim to succeed in creating
shareholder value. For more information, please visit our website
at www.westernpacificresources.com.
ON BEHALF OF THE BOARD
Warwick Smith, Chief Executive Officer
Neither the TSX Venture Exchange nor the
Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy
or accuracy of this news release.
This news release contains forward-looking
information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially
from current expectation. Important factors - including the
availability of funds, the results of financing and exploration
activities, the interpretation of drilling results and other
geological data, risks associated with the estimation of mineral
resources and the geology, grade and continuity of mineral
deposits, project cost overruns or unanticipated costs and expenses
-- that could cause actual results to differ materially from the
Company's expectations are disclosed in the Company's documents
filed from time to time on SEDAR (see www.sedar.com). Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press
release. The Company disclaims any intention or obligation,
except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE Western Pacific Resources Corp.