TORONTO, ONTARIO -- (Marketwired - Jul 16, 2015) - Waseco Resources Inc.
("Waseco" or "the Company") (TSX VENTURE:WRI) (FRANKFURT:WSE) reports that it has closed its previously announced private placement financing. Total proceeds from the financing are $140,000, and will result in the issuance of 2.8 Million common shares at $0.05 per share and 1.4 Million warrants, each warrant being convertible into a common share at $0.075 for one year. All of the shares, when issued, will be subject to a statutory 4 month hold period.
Also as previously announced, the Company is applying to the TSX-Venture to pay a $US15,000 portion of the advance royalty on the Battle Mountain Ridge project, in Nevada, in common shares at a price of $0.05 per share.
ON BEHALF OF THE BOARD OF DIRECTORS Waseco Resources Inc.
Neither the 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
Waseco Resources Inc.
Richard Williams, President
(416) 364- 3123