Brief: Western Troy & Masglas Agree To Terminate Letter Of Intent & Associated Proposed RTO

Global Copper

04/12/2018 19:03

Dec 4 (Reuters) - Western Troy Capital Resources Inc
 WRY.V :
    * WESTERN TROY AND MASGLAS AGREE TO TERMINATE LETTER OF
INTENT AND
ASSOCIATED PROPOSED RTO
    * WESTERN TROY - PROPERTY PAYMENTS, POTENTIAL CIA. SAN
NICOLAS
LIABILITIES GREW TO A MUCH LARGER AMOUNT THAN WAS ORIGINALLY
ENVISIONED BY LOI
    * WESTERN TROY - COMMITMENT FOR FUNDS REQUIRED TO CLOSE RTO,
RESOLUTION OF PROPERTY OWNERSHIP ISSUES COULD NOT BE ASSURED
WITHIN NECESSARY TIME FRAMES
    * WESTERN TROY CAPITAL RESOURCES INC -  CO AND MASGLAS HAVE
AGREED
TO TERMINATE JUNE 28, 2018 LOI, BUT KEEP OPTION OPEN TO
RE-INITIATE RTO PROCESS
    * WESTERN TROY CAPITAL RESOURCES INC - WESTERN TROY STOCK
TRADING
HALT WILL BE LIFTED SHORTLY

Source text for Eikon:  urn:newsml:reuters.com:*:nGNX2Kg8CF
Further company coverage:  WRY.V 

 ((Reuters.Briefs@thomsonreuters.com;))