Westminster Announces Investor Relations; Provides Peru Update
Vancouver, British Columbia--(Newsfile Corp. - January 31, 2018) - Westminster Resources Ltd. (TSXV: WMR) (FSE: 08W2) is pleased to announce that it has retained the services of Mark Carruthers to provide in-house investor relations on a month-to-month basis with an effective date of November 1, 2017. Mark has 25 years of market experience including over eight years in investor relations and has provided marketing and support to other junior public companies. As consideration, the company has agreed to pay a monthly fee of $3,000 and intends to grant Mr. Carruthers 250,000 stock options, exercisable for a period of two years from date of granting at a price to be determined. These options are granted subject to the company's Stock Option Plan, and will have a vesting provision of 25% of the options upon the date of the grant, and 25% on the first business day of each of the subsequent three quarters. The options are subject to regulatory approval and the rules and regulations of the TSX Venture Exchange.
Update on Peru
Westminster is awaiting approval of its revised NI 43-101 technical report on the copper-gold projects under evaluation for potential acquisition. Results from substantial historical drilling has returned copper and intervals of continuous mineralization. Additionally, areas of copper, gold and silver have been mapped at surface. The large-scale size of these targets has been reported in WMR News Release dated December 11, 2017.
Westminster is in the process of acquiring 100% interest in highly prospective copper properties in Southern Peru. The projects comprise a number of concessions totalling 36,225 hectares on the country's prolific coastal copper belt, source of nearly half of Peru's copper production. Peru is also the world's second largest copper producer by tonnage. Exploration drilling performed to date, through which both IOCG and Porphyry style mineralization have been identified; indicating potential economic viability for the development of the properties.
ON BEHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
President & CEO
For further information regarding Westminster Resources Ltd., please call 604-608- 0400, Toll Free: 1-877-608-0007.
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This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward- looking information. Forward-looking information in this news release may include, but is not limited to, the Company's objectives, goals or future plans, including the proposed transaction with Latin Resources Limited and closing of such transaction. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.