WCB Resources Ltd. Arranges Private Placement

NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: WCB Resources Ltd. 
TSX VENTURE SYMBOL:  WCB 
APRIL 4, 2014 
WCB Resources Ltd. Arranges Private Placement 
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 4, 2014) - WCB Resources Ltd
("WCB" or the "Company") (TSX VENTURE:WCB) announces that
it has decided not to proceed with the non-brokered private placement of
16,000,000 units at a price of $0.25 per unit for gross proceeds of $4 million
as outlined in the Company's press release dated March 19, 2014.  
The Company also announces that it has arranged an alternative non-brokered
private placement of 22,222,222 units at a price of $0.27 per unit for gross
proceeds of $6,000,000. Each unit is comprised of a common share and two half
warrants (with the first half warrant being half of a "Warrant A" and
the second half warrant being half of a "Warrant B"). Each whole
Warrant A shall entitle the holder to acquire one additional common share of
the Company at a price of $0.40 per share for a period of 18 months. Each whole
Warrant B shall entitle the holder to acquire one additional common share of
the Company at a price of $0.60 per share for a period of 36 months. It is
expected that all units will be subscribed for by Sandfire Resources NL, a
premier Australian copper gold producer listed on the ASX.  
The proceeds from this private placement will be used principally for drill
testing of the Misima Island Porphyry and for ancillary exploration activities
on the Company's Misima Island project, located in Papua New Guinea, and
general working capital.  
No finder's fees will be paid on this transaction. The private placement
is subject to exchange acceptance. All of the securities issued pursuant to
this offering will have a hold period expiring four months and one day after
the closing date.  
About WCB Resources  
WCB is an aggressive minerals exploration and development company that brings
together a strong, interdisciplinary, and proven management team with the
ability to take a project from discovery right through to operation.  
WCB's strategy is to build shareholder value through acquisition,
exploration and development of copper gold projects. This strategy is being
developed by a synthesis of WCB's core skills in project evaluation,
structured acquisition, exploration and project development and operations,
areas where WCB directors and executives have significant experience.  
We believe that our capabilities and experience, combined with an efficient
corporate structure, provide tremendous potential upside for investors. WCB is
focussed on the exploration and development of the Tier 1 Misima Island Project
in Papua New Guinea. 
On behalf of the Board of Directors 
Cameron Switzer, President and Chief Executive Officer  
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.  
WARNING: The Company relies on litigation protection for "forward
looking" statements. Actual results could differ materially from those
described in the news release as a result of numerous factors, some of which
are outside the control of the Company. 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
WCB Resources Ltd
Cameron Switzer
cswitzer@wcbresources.com
or
WCB Resources Ltd
Shaun Maskerine
smaskerine@wcbresources.com
or
Investor Relations:
Ironstone Capital Corp.
Lee Bowles
416 941 1253
lbowles@ironstonecapital.ca 
INDUSTRY:  Manufacturing and Production - Mining and Metals 
SUBJECT:  FNC 
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