Western Pacific Resources Corp. announced that it has closed the final tranche of its previously announced non-brokered private placement.  The two tranches of the financing gained a total of 6,670,001 units which were issued at US$0.15 each. The total gross proceeds to that Western Pacific Resources Corp gained were estimated to be at US$1,000,500.

The net proceeds gained from the financing will be used to advance the Western Pacific Resources projects, principally the Deer Trail Mine which is located Piute County, Utah. Other funds are set aside for general working capital purposes.

Western Pacific Resources is a gold exploration company set on its way to become a polymetallic producer. The company acquires, explores and advances gold projects in the Western United States. Western's portfolio includes Mineral Gulch, formerly called Black Pine Mine located in Cassia County, Idaho, and the Deer Trail Mine in Piute County, Utah. Warwick Smith stands as the company's CEO and Eric Saderholm stands as President for Western.