February 16, 2017 / 6:09 AM / 10 months ago

BRIEF-GBM Resources executes deal with WCB Resources

Feb 16 (Reuters) - Gbm Resources Ltd

* Asx Alert-Merger With Canadian Company WCB Resources-Gbz.Ax

* Co and WCB resources executed binding heads of agreement to merge

* Deal will result in a substantial ASX listed gold development and exploration company focussed in Australia And Papua New Guinea

* Board of directors of each co have unanimously given support for merger and major shareholders have indicated support for merger

* WCB president and CEO, Cameron Switzer, will join board of merged entity

* Under HOA each WCB shareholder will receive 8 GBM ordinary shares for every WCB common share Source text for Eikon: Further company coverage:

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