Australia's WMC Resources' Canadian Subsidiary Merged with Comaplex Minerals of Calgary

Comaplex Minerals Corporation of Calgary announced that an arrangement has been entered into with WMC Resources Ltd, of Victoria, Australia, whereby WMC’s wholly-owned Canadian subsidiary, WMC International Limited, will be merged with Comaplex. This will result in Comaplex taking control of 100% of WMC’s Canadian exploration properties, including WMC’s 56% interest in the Meliadine West gold property in Nunavut Territory. Comaplex Resources is a junior resource company that explores for precious metals, base metals and diamonds in northern Canada, Mexico and Central America. The deal is valued at A$26 million.