Liberian Projects

Liberia

West Peak refers to the Sale and Farm-out Agreement in respect of its Liberian assets announced on 26 September 2014 pursuant to which Mineraux Limited acquired a 17% interest in WPI’s Liberian subsidiary which owns three mining exploration licences located in Liberia and had the right to acquire up to 100% of WPI’s Liberian subsidiary through a staged farm-in process.  The parties to the Sale and Farm-out Agreement have agreed to terminate the agreement and relinquish the three mining exploration licences. The Company office in Liberia has been closed, any residual assets disposed of and all staff terminated. All financial commitments pursuant to the Company’s operations in Liberia have been settled along with the winding up of the Liberian subsidiary company.  

 

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