11:31 AM EST - Western Atlas Resources Inc. : Announced today that Gran Colombia Gold entered into a letter of intent on August 31, with Western Atlas outlining the terms on which it intends to spin off its Venezuelan assets in exchange for $20 million U.S. in common shares of Western Atlas and also acquire up to a 19.9% equity interest in Western Atlas by way of a $1.4-million Canadian subscription into Western Atlas’ proposed private placement. Western Atlas Resources Inc.
shares V.WA are trading up $0.025 at $0.10.
