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As of 2:26 PM 07/18/14 All times are local (Market data is delayed by at least 15 minutes).

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06/5/14 - C$0.03
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wpc resources inc (WPQ) Details

WPC Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of resource property interests in Canada. It primarily explores for gold and copper. The company holds interests in the Quest Lake property consisting of 16 contiguous mineral claims totaling 2424.6 hectares located 85 km east of Yellowknife in the Northwest Territories, Canada. It also has an option to acquire a 100% undivided interest in 96 mineral claims covering an area of 778 hectares, known as the ZPG claims located in Ladner County; and a 100% undivided interest in the Toiyabe Pediment property comprising 119 mineral claims each covering an area of 1,007.4 hectares located in east-central Lander County in Nevada. The company was formerly known as Northern Shield Metals Ltd and changed its name to WPC Resources Inc. in January 2008. WPC Resources Inc. was incorporated in 2007 and is based in Vancouver, Canada.

Founded in 2007

wpc resources inc (WPQ) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: C$48.0K
Chief Financial Officer and Secretary
Total Annual Compensation: C$12.0K
Compensation as of Fiscal Year 2012.

wpc resources inc (WPQ) Key Developments

WPC Resources Inc. Announces Executive Changes

WPC Resources Inc. held a Directors Meeting on June 10, 2014, in this meeting elected Mr. Steve Wilkinson as a Director of the Company and appointed Mr. Bruce Goad, P.Geo, to the Advisory Board. The Company also accepted the resignation of Mr. Al Fabbro as President of the Company and appointed Mr. Wilkinson as the new President. Mr. Fabbro will remain as a Director.

WPC Resources Inc. Proposes Amendments to the Articles of Incorporation

WPC Resources Inc. announced that the Annual and Special Meeting of shareholders of the company to be held on June 10, 2014, to approve to change its Articles of Incorporation to allow the Directors to implement a 2:1 roll back of its outstanding shares in order to allow for both a financing and the incorporation of Innukshuk Exploration Incorporated.

WPC Resources Inc. Reaches an Agreement with Shoshoni Gold Ltd. to Further the Development of its Optioned ZPG Project

WPC Resources Inc. announced it has reached an agreement with Shoshoni Gold Ltd. to further the development of its optioned ZPG Project in Lander County, Nevada. Shoshoni can earn a 60% interest in the property by doing the following: Paying $75,000 in staged payments to WPC Resources Inc. over the next 45 days; Undertaking the expenditures of CAD 500,000 on the property to further the drill program and IP survey plan that was started by WPC in 2011; Both parties agree to fund further exploration costs, as agreed, on a 60% Shoshoni and 40% WPC basis once the terms of this Agreement have been fulfilled and a Formal Joint Venture Agreement has been completed. Further, both parties will be required to spend on exploration, the difference between what has been spent to earn the interest and $660,000 to fully acquire the property. The property is subject to a 3% Net Smelter Royalty of which one-half (1.5%) can be bought down for $1,500,000. The Companies will share in this on a 60/40 basis. Drilling is expected to commence later this month. Both parties will independently seek TSX Venture approval for this transaction as required.


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