Western Troy Capital Resources announced today that MASGLAS Peru S.A.C. and Western Troy have agreed to terminate the Letter of Intent they executed on June 28, 2018. The LOI called for a reverse takeover process and Share Exchange Agreement to be completed by December 3, 2018. Through the due diligence process, it was discovered that the property payments and potential Cia. San Nicolas liabilities grew to a much larger [...]
Western Troy Capital Resources announced today that it has reached a settlement agreement with the Canada Revenue Agency regarding certain exploration expenses that Western Troy incurred in 2011. In 2015, Western Troy received the results of an audit by the CRA related to its 2011 flow-through forms filed. The reassessment resulted in certain expenditures being denied as Canadian Exploration Expense by the CRA and a [...]
Western Troy Capital Resources provides an update with respect to its previously announced proposed reverse takeover transaction with MASGLAS Peru S.A.C . Update Regarding Proposed RTO On June 29, 2018, Western Troy announced that it had entered into a binding letter of intent with respect to a proposed transaction whereby the shareholders of MASGLAS would sell to Western Troy 100 percent of the outstanding shares of [...]
TORONTO, Aug. 02, 2018 -- Western Troy Capital Resources reports that at the annual general meeting of shareholders held on August 1, 2018, all resolutions proposed to shareholders were duly passed. At the AGM, 28,818,692 proxies were voted representing 70.44% of the Company’s issued and outstanding common shares as at the record date. The following individuals were elected as directors of the Company and their term [...]
TORONTO, July 23, 2018 -- Western Troy Capital Resources announced today the results of its investigation into the historically reported resources at the San Nicolas Project near Cajamarca, Peru. Mr. Friedberg sampling underground material San Nicolas Area San Nicolas Drill Hole Map In its press release of June 29, 2018, Western Troy announced, through a reverse takeover process with MASGLAS Peru S.A.C., a transaction [...]
TORONTO, June 29, 2018 -- Western Troy Capital Resources announced today that it has executed a binding Letter of Intent with MASGLAS Peru S.A.C. , a private company controlled by Mr. Maurizio Cordova of Lima, Peru. MASGLAS is acquiring approximately 94 percent of the shares of Compañía Minera San Nicolas S.A. a company that controls certain concession rights and assets, 80 road kilometers north of the city [...]
TORONTO, June 21, 2018 -- Western Troy Capital Resources announced today that on June 20, 2018, pursuant to its advance notice by-law, it received formal notice from Resurgent Capital Corp. of the nomination of four individuals for election to the Company’s Board of Directors at the upcoming Annual and Special Meeting of Shareholders to be held on August 1, 2018. The full text of the Advance Notice By-Law is [...]
TORONTO, Jan. 29, 2018 -- Western Troy Capital Resources Inc. announces that it has received assay results from its previously announced drilling program at the Willow Creek Gold Property near Leadville, Colorado. Twenty holes averaging approximately 50 meters in depth were drilled using a vibrasonic drill at the Willow Creek Project site in September and October. While past work on the property indicated good gold grades [...]
Western Troy Capital Resources has granted 2 million options to its directors and officers. These options have been granted pursuant to Western Troy's Stock Option Plan. They will have a term of five years and are exercisable at a price of 5 cents per share. Western Troy's common shares trade on the TSX Venture Exchange under the symbol WRY. Western Troy has 40,914,870 shares outstanding. More information can be found on [...]
Western Troy Capital Resources announces that, further to its announcements on September 14, 2017, October 5, 2017, and November 22, 2017, the Company along with its newly formed, wholly owned US subsidiary, Western Troy Mining Company, has entered into a lease agreement with Mt. Elbert Mining Company LLC with respect to the Willow Creek Mine located in Lake Country and has closed a concurrent non-brokered private [...]
Western Troy Capital Resources announces that in the Western Troy v. Genivar litigation, the Ontario Appeal Court has ruled that the trial court award of $1.25 million is justified based on trial testimony. In an order issued by the Ontario Court on November 1, 2016, Genivar was found negligent in a number of instances surrounding its work on Western Troy's MacLeod Lake Copper/Molybdenum Project. Western Troy was awarded [...]
Western Troy Capital Resources announces that, further to its announcements on September 14, 2017 and October 5, 2017, it remains the Company's intention to proceed with the non-brokered private placement of common shares for gross proceeds of up to C$460,000. The Private Placement The Company will issue 9,200,000 common shares of Western Troy at a price of C$0.05 per common share to raise aggregate gross proceeds of up [...]
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