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FOR IMMEDIATE RELEASE                                                                

 

TSX VENTURE EXCHANGE: WAI 

 

NR16-01

 

WAI CAPITAL ANNOUNCES RESIGNATION OF BOARD OF DIRECTORS

 

Vancouver, BC – July 14, 2016 – WAI Capital Investments Corp. (the "Company", formerly West African Iron Ore Corp.) (WAI: TSX-V) announces that as a result of ongoing discussions with creditors effective immediately the board of directors of the Company has resigned.

The board of directors pursued a number of avenues to raise additional capital for the Company, and to attract new projects, but existing debts within the Company made these efforts unsuccessful.

The board of directors has concluded that there are no viable options available to the Company to raise the necessary capital, and as a result determined that there was no alternative other than to wind down operations and resign from the Company.

Also effective immediately, Guy Duport has resigned as Chief Executive Officer of the Company, and Mathieu Charette as Chief Financial Officer & Secretary.

Neither 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.

 

 

 

 

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