WCB Resources to Merge with Kingston Resources

WCB Resources Ltd. (WCB), a Vancouver-headquartered mineral exploration and development company, and Australia-based Kingston Resources Ltd. have executed an agreement dated Aug. 29, 2017, merging the two companies. Each WCB shareholder will receive 4.5 ordinary shares of Kingston for each common share of WCB they hold in consideration for the transfer of those WCB shares to Kingston. The merger combines advanced-stage gold assets of the Misima gold project in Papua New Guinea in addition to extensive strategic lithium and gold exploration assets in Australia.

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