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Western Pacific provides update on acquisition of Deer Trail Mine, Piute County, Utah
VANCOUVER, April 15, 2013 /CNW/ - Western Pacific Resources Corp. (the "Company" - WRP: TS...
About this update from Silver X Mining Corp
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, April 15, 2013 /CNW/ - Western Pacific Resources Corp. (the \"Company\" - WRP: TSXV) is pleased to report that it has paid Deer Trail Mining Company, LLC\n (\"DTMC\") a second deposit of $250,000 in accordance with its\n acquisition agreement with DTMC and Unico, Inc. (announced in the\n Company's news release of February 26, 2013).\n\n\nThe closing of the acquisition of the Deer Trail Mine, which is located\n in Piute County, Utah, is expected to occur on or before May 24, 2013. \n Closing is subject to customary closing conditions, including the\n acceptance of the TSX Venture Exchange.\n\n\nAbout Western Pacific\n\n\nWestern is focused on advancing a strong portfolio of advanced-stage\n projects in the Western United States, including the permitted Deer\n Trail Mine, Piute County, Utah.  Western's team is led by technical and\n financial experts who aim to succeed in creating shareholder value. \n For more information, please visit our website at www.westernpacificresources.com.\n\n\nON BEHALF OF THE BOARD\n\n\nWarwick Smith, Chief Executive Officer\n\n\nNeither the TSX Venture Exchange nor the Investment Industry Regulatory\n Organization of Canada accepts responsibility for the adequacy or\n accuracy of this news release. \n\n\nThis news release contains forward-looking information, which involves\n known and unknown risks, uncertainties and other factors that may cause\n actual events to differ materially from current expectation.  The\n ability of the Company to successfully complete the DTM acquisition on\n time or at all and the Company's ability to successfully place the\n acquired assets back into production are subject to various risks and\n other factors, including the risks of obtaining necessary licenses and\n permits to place the DTM assets back into production, diminishing\n quantities or grades of reserves; the availability of funds, the\n results of financing and exploration activities, political or economic\n developments in the jurisdictions in which the Company carries on\n business; operating or technical difficulties in connection with\n development or mining activities; employee relations; availability and\n costs associated with mining inputs and labor; the speculative nature\n of exploration and development, the interpretation of drilling results\n and other g...