March 31, 2017 / 1:39 PM / 8 months ago

BRIEF-WCB Resources and GBM Resources terminate heads of agreement

March 31 (Reuters) - GBM Resources Ltd:

* WCB Resources and GBM Resources terminate heads of agreement

* WCB Resources - termination of heads of agreement with gbm due to financing conditions for agreement not being met prior to deadline of March 31

* WCB Resources Ltd- GBM announced on March 31, 2017 that completion of their $10million loan agreement was unsuccessful

* WCB Resources Ltd- GBM announced they are continuing to source alternative funding

* WCB Resources-until funding is identified, size,nature of any funding is known,merger discussions between WCB and GBM have necessarily been put on hold

* WCB Resources Ltd - should appropriate funding package be sourced, WCB and GBM will consider re-opening merger discussions Source text for Eikon: Further company coverage:

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