Jan 29 2011
Gold World Resources Inc. (GDW-TSX Venture) has announced the completion of the private placement of 5,280,000 units at $0.05 with each unit being comprised of one common share and ½ warrant; each full warrant comprised within the units is exercisable for a period of 12 months at an exercise price of $0.10 per warrant share.
As a result of the recent addition of the Mount Anderson, Yukon Project to GWR's property portfolio, the Company intends to offer a new financing to better reflect the requirements of the Company's commitments.
Unit Offering: 15,000,000 units at $0.05 per unit with each unit being comprised of one common share and ½ warrant. Each whole warrant is exercisable for a period of 12 months at an exercise price of $0.10 per warrant share.
Flow-Through Offering: 20,000,000 common shares at $0.07 per share to be issued on a flow-through basis within the meaning of the Income Tax Act (Canada).
The Company is pleased to be able to offer these shares under the new financing to its shareholders to participate in the growth, exploration and development of the Company's assets.
Completion of the offering is subject to TSX Venture Exchange approval and all securities issued under the offering will be subject to a four month statutory hold period.
Source: Gold World Resources Inc.