Wellgreen Platinum Announces Completion of Metallurgical Testwork and Sale of Non-Core Ontario Properties

Wellgreen Platinum  (TSX: WG; OTC-QX: WGPLF) (“Wellgreen Platinum” or the “Company”) is pleased to announce that its previously announced metallurgical testwork program (Phase 1A and Phase 1B) is now complete. Final metallurgical results will be available this quarter pending completion of reporting by XPS in Falconbridge Ontario.
The Company also announces that, effective February 8, 2017, it has sold (the “Sale”) Ursa Major Minerals Inc. (“URSA”), formerly a wholly-owned subsidiary, to a private company (the “Purchaser”). URSA holds the Ontario properties, Shakespeare, Shining Tree, Fox Mountain, Stumpy Bay, Porter Baldwin and Porter Option, all of which were considered non-core and non-material to Wellgreen Platinum.
As quoted in the press release:

Diane Garrett, President and CEO commented: “This sale allows the Company to divest itself of non-core assets and to reduce the costs associated with care and maintenance activities in respect of these properties. Our strategic focus is the advancement of our flagship Wellgreen Project in Yukon, Canada and the divestiture of URSA allows us to focus 100% of our resources on this world class deposit”.

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