WCB Resources and Kingston Resources to Merge

Friday, September 1, 2017

WCB Resources (TSX-V: WCB) and Kingston Resources Ltd (ASX: KSN) and are pleased to announce that they have executed a binding HOA dated August 29, 2017 to merge the two companies which is to be structured as a plan of arrangement under Canadian law or such other structure to be determined in a manner that is mutually agreeable to the parties. Each WCB shareholder at the record date will receive 4.5 ordinary shares of KSN for each common share of WCB they hold in consideration for the transfer of those WCB shares to KSN .