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VANCOUVER, BC, April 17, 2023 /CNW/ - Western Atlas Resources Inc. ("Western Atlas" or the "Company") (TSXV: WA) announced today that it intends to consolidate its issued and outstanding common shares on a four-for-one basis (4:1) (the "Consolidation"), and it plans to undertake a non-brokered private placement (the "Private Placement") to raise gross proceeds of up to C$2,000,000 through the sale of flow-through and non-flow-through units, on a post consolidated basis.