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BRIEF-GBM Resources executes deal with WCB Resources

Published 16/02/2017, 05:09 pm
© Reuters.  BRIEF-GBM Resources executes deal with WCB Resources
GBZ
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Feb 16 (Reuters) - Gbm Resources Ltd GBZ.AX

* Asx Alert-Merger With Canadian Company WCB Resources-Gbz.Ax

* Co and WCB resources executed binding heads of agreement to merge

* Deal will result in a substantial ASX listed gold development and exploration company focussed in Australia And Papua New Guinea

* Board of directors of each co have unanimously given support for merger and major shareholders have indicated support for merger

* WCB president and CEO, Cameron Switzer, will join board of merged entity

* Under HOA each WCB shareholder will receive 8 GBM ordinary shares for every WCB common share Source text for Eikon: ID:nASX8HNrdb Further company coverage: GBZ.AX

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