March 31 (Reuters) - GBM Resources Ltd GBZ.AX :
* WCB Resources and GBM Resources terminate heads of agreement
* WCB Resources - termination of heads of agreement with gbm due to financing conditions for agreement not being met prior to deadline of March 31
* WCB Resources Ltd- GBM announced on March 31, 2017 that completion of their $10million loan agreement was unsuccessful
* WCB Resources Ltd- GBM announced they are continuing to source alternative funding
* WCB Resources-until funding is identified, size,nature of any funding is known,merger discussions between WCB and GBM have necessarily been put on hold
* WCB Resources Ltd - should appropriate funding package be sourced, WCB and GBM will consider re-opening merger discussions Source text for Eikon: ID:nCCN7sdsTR Further company coverage: GBZ.AX