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RESOURCES INC
202 - 750 WEST PENDER ST | VANCOUVER, BC. V6C 277 | TEL.604.685.1 144 | FAX.604.685.988:
TSX-V: WPQ
Issued and Outstanding: 37,070,110 June 10, 2014
‘WP'C RESOURCES INC REPORTS ON 2014 ANNUAL AND SPECIAL MEETING AND ELECTS NEW DIRECTOR AND PRESIDENT TO THE BOARD
The Company is pleased to annomnce that its Annual and Special Mecting of Sharcholders was completed on June
10, 2014. All items were passed by the sharcholders and the Board of Directors is co Fabbro, Richard Jordens,
year.
mprised of W.K.C. Clarke, Al Glen Macdonald, and Bruce Hamilton who were all re-elected to stand for a period of onc
The Company held a Nirectors Meeting following the Annual and Special mevting and further to its news releases
concerning its Nunavut projects (May 26, 2014 and June 2, 2014), clected Mr. Steve Wilkinson as a Director of the
Company and appointed Mr. Bruce Goad, P.Gco, to the Advisory Board. The Company also accepted the
resignation of Mr. AJ Fabbro as President of the Company and appointed Mr. Wilkinson as the new President. Mr.
Fabbro will remain as a Director.
Further, the Board recommended that the Company notify both the TSX.V and Computershare Investor Services of its intention to consolidate its outstanding shares on a 2:1 basis leaving 18,535,055 shares issued and outstanding before either the Inukshuk Exploration Incorporated and Elgin Mining Inc. arrangements have becn approved by
the TSX.V. The application to approve both Nunavut transactions will be submitted to the Exchange for ratification shortly.
‘Uhe Board further agreed to pursue a “Shares for Debt” arrangement with certain debtors and will apply for
acceptance of that transaction to the Exchange, This will be undertaken to significantly reduce the Company’s
working capital deficit. The Company also is working to close a financing announced on May 26, 2014 and anticipates announcing that closing shortly.
Lastly, the Company fully expects to commence its summer program in Nunavut this month and has applied for all
permits to allow that program to begin. The Company will provide regular updates on its progress.
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WEc.
RESOURCES INC
202 - 750 WEST PENDER ST | VANCOUVER, BC, VEC 277 | TEL.$04,685.1144 | FAX.604.685.988'
W.K.C. Clarke
Chairman and Chief Executive Officer
Telephone: (604) 685-1144
CAUTIONARY NOTE REGARNING FORWARD-LOOKING STATEMENTS AND INFORMATION
This news release contains certain “forward-looking information" within the meaning of Canadian securities laws. Actual results may differ
materially from those indicated hy sich forward-looking information. All information Included herein,
ollve: Uns statements of historical fact, inctuding,
without limitation, information regarding future production, is considered forward-looking information and involves various risks and
uncartainties. There can be no aceuranec that the fonwerd-looking informatiutr will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information, The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.