WAI Capital Considering Options To Raise Capital; May Sell Assets

Wai Capital Investments Corp, formerly West African Iron Ore Corp, is a Canada-based exploration-stage company. The Company is engaged in the acquisition, exploration and development of iron ore properties located in the Republic of Guinea. The Company is focusing primarily on Sky Alliance Ressources Guinee SA's (SAR Guinee) Forecariah permits located in Guinea, West Africa. The Forecariah Project is located approximately 100 kilometers from Conakry, the capital city of Guinea, along National Road 1, which joins Conakry to the Pamelap border crossing with Sierra Leone. The Forecariah project is located around 50 kilometers from the Atlantic Ocean. The Company's N'Dougou prospect consists of approximately 50 kilometer plateau of residual magnetite-goethite containing lateritic cap.