|Bid||0.2650 x 0|
|Ask||0.2700 x 0|
|Day's Range||0.2650 - 0.2750|
|52 Week Range||0.1100 - 0.5500|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||11.52|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.23|
Western Resources Corp. (WRX.TO) (WR0.F) (“Western” or “the Company”) is pleased to announce that its wholly owned subsidiary Western Potash Corp. has appointed Mr. Fritz Venter as new CEO and President effective August 1, 2019. Mr. Venter has also been appointed as COO and board director of Western Resources Corp. He will lead the Project team to successfully develop the Milestone Potash Phase I Project.
Western Resources Corp. (WRX.TO) (WR0.F) (“Western” or “the Company”) is pleased to announce that its wholly owned subsidiary Western Garden Properties Corp. (“Western Garden”) has reported its recovery of all mortgage loans made to the Greater Vancouver-based real estate projects over the last two years. The original intention of the Company’s decision to pursue alternative value-enhancing opportunities in areas beyond resource-based industry was to increase the firm’s return on its excess available cash. Another consideration of these loans and investments was that the Company had not yet commenced construction of the Phase I Potash Project (“the Project”) at the time – constructions that was expected to take a longer time for the preparation than first envisioned.
The Milestone Phase 1 Project will be the newest and most innovative, environmentally friendly and capital efficient new potash mine in Canada. The drilling program will last approximately 4 months and will consist of 6 wells that connect to 3 caverns. Each cavern consists of an injection well under the potash bed, and connected withdrawal well which returns the brine back to the surface. After successful drilling and with appropriate regulatory approvals, the caverns will firstly start ‘cold mining’ to enlarge the caverns and saturate the brine with salt in preparation for production, followed by ‘hot mining’ that will recirculate brine into the caverns and preferentially extract the KCl resulting in the buildup of an inventory of potash in the crystal pond.
Western Resources Corp. (WRX.TO) (WR0.F) (“Western” or “the Company”) is pleased to announce that its wholly owned subsidiary Western Potash Corp. has entered into a lump-sum agreement with Stuart Olson Prairie Construction to be the General Contractor for the construction of the Company’s Milestone Phase I Potash Project (“Phase I Project” or “Project”) located 35 km southeast of Regina, Saskatchewan. Stuart Olson (TSX: SOX, SOX.DB.A) is one of the largest and most respected construction services companies in Canada. Founded over 100 years ago in Western Canada, Stuart Olson has offices across Canada and will be drawing a large proportion of their trades from the local area.
Even the best investor on earth makes unsuccessful investments. But it should be a priority to avoid stomach churning...
Western Resources Corp. (WRX.TO) ("Western" or the "Company") announces that it has closed the rights offering ("Rights Offering") announced on March 6, 2019. A total of 93,437,110 common shares of the Company ("Shares") will be issued to holders of Rights ("Rightholders") at a subscription price of C$0.12 per Share which represents gross proceeds of C$11,212,453.20. The total issued and outstanding capital of the Company following the completion of the Rights Offering will be 186,874,220 common shares. Pursuant to the terms of the Rights Offering, the Company issued 73,214,268 Shares to Rightholders under the Basic Subscription Privilege, including 47,652,927 Shares to Tairui Mining Inc. (“Tairui”) and 9,437,148 Shares to CBC (Canada) Holding Corp. (“CBC”), both of which are insiders of the Company by virtue of beneficial ownership of more than 10% of the total issued and outstanding common shares of the Company.
VANCOUVER, British Columbia, March 18, 2019 -- Western Resources Corp. (TSX: WRX) (FSE: WR0) (“Western” or “the Company”) is pleased to announce that its shareholders approved.
Western Resources Corp. (WRX.TO) ("Western" or the "Company") announces that it will conduct an offering (the "Rights Offering") of rights ("Rights") to raise gross proceeds of approximately C$11 million. Pursuant to the rights offering circular (the "Rights Offering Circular") and the notice of rights offering (the "Notice of Rights Offering"), each eligible registered shareholder of the Company resident in Canada holding common shares ("Share") as at the close of business on March 14, 2019 (the "Record Date") will receive one (1) Right for every one (1) Share held. Shareholders who fully exercise their Rights under the Basic Subscription Privilege will also be entitled to subscribe for additional Shares, on a pro rata basis, if available as a result of unexercised Rights prior to the Expiry Time (the "Additional Subscription Privilege"), subject to certain limitations as set out in the Company's Rights Offering Circular.
Western Resources Corp. (WRX.TO) (WR0.F) (“Western” or “the Company”) is pleased to announce that it has filed its audited 2018 fiscal year Consolidated Financial Statement, the Management Discussion & Analysis report, and the Annual Information Form (AIF) on Sedar on December 20, 2018. Highlights of the corporate developments over the past fiscal year are closely related to the development of the Company’s Milestone Potash Solution Mining Project located 35 km southeast of Regina, Saskatchewan. As reported in its news release dated June 17, 2018, the Company has engaged SNC-Lavalin Inc. (“SNCL”) to complete the detailed engineering for the Milestone Phase I Selective Solution Mining Project (Phase I Project). Detailed engineering deliverables are on track to be completed in early 2019, ready for final tendering and construction.