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WPC RESOURCES INC. - NON-BROKERED PRIVATE PLACEMENT
(via Thenewswire.ca) Vancouver, B.C., August 4, 2011 - On May 30, 2011, WPC Resources Inc. (t...
About this update from Blue Star Gold Corp.
[{"type":"text","content":"\nWPC RESOURCES INC. - NON-BROKERED PRIVATE PLACEMENT\n\n(via Thenewswire.ca)\n\n \nVancouver, B.C., August 4, 2011 - On May 30, 2011, WPC Resources Inc. (the \"Company\") announced that it had arranged a non-brokered private placement (the \"Private Placement\") of up to 10,000,000 units (the \"Units\") of securities. The Units were being placed at a price of $0.15 per unit, for gross proceeds of $1,500,000.\n\n\n \nFurther to its news release of May 30, 2011, and due to current market conditions, the Company has re-priced its non-brokered private placement to $0.12 per unit. This will now provide gross proceeds of $1,200,000. The Company may pay finder's fee on a portion of the private placement of 8% of gross proceeds and may issue non-transferable options which will now be priced at $0.12 per share for a period of one year. All other terms and use of funds are unchanged as per the May 30, 2011 news release.\n\n\n \nThe Company has received the initial soil geochemistry and pathfinder minerals report and is very encouraged by the results. It has identified at least two significant anomalies, north-northwest trending coincidental gold and Carlin suite elements linear trends. These traverse the shallower portions of the project area for 1 to 1.5 km and form likely drill targets. The next step will be to compare these results to the TMT geophysical study due shortly.\n\n\n \nAbout WPC Resources Inc.\n\n\n \nWPC Resources Inc. is a Vancouver, British Columbia based gold exploration and development Company. The contained recommendations and technical information have been reviewed on behalf of the Company by Mr. Warren Robb, P.Geo.\n\n\n \nFor additional information, please contact:\n\n\n \nAllan Fabbro, President Director\n\n\n \nTelephone: (604) 351-8850\n\n\n \nCAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION\n\n\n \nThis news release contains certain \"forward-looking information\" within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking info...