# WCB Resources and GBM Resources agree to merge

WCB Resources Ltd. and GBM Resources Limited executed a binding heads of agreement to merge, creating a substantial ASX-listed gold development and exploration group focused on Australia and Papua New Guinea.

- Type: Acquisition
- Announced: 2017-02-16
- Where: Australia
- Status: announced
- Products: gold

## Companies

- [GBM Resources](https://endata.com/companies/22260.md) (acquirer)
- [WCB Resources](https://endata.com/companies/22261.md) (target)

## Sources

- [einpresswire.com](https://www.einpresswire.com/article/366860187/wcb-resources-and-gbm-resources-merger-to-create-a-substantial-gold-development-and-exploration-group), 2017-02-16: "The merger combines the advanced stage gold assets of Mt Coolon in Australia and the Misima Gold Project in Papua New Guinea"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.