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Message: GWR closes $363,256 Flow-Through Financing with MineralFields Group

GWR closes $363,256 Flow-Through Financing with MineralFields Group

posted on Jan 06, 2010 08:59AM

GWR Closes $363,256 Flow-Through Financing With MineralFields Group

	    ARMSTRONG, BC, Jan. 6 /CNW/ - GWR Resources Inc. ("GWR" or the "Company")
(TSX Venture: GWQ) is pleased to announce that it has closed a non-brokered
private placement (the "Private Placement") in the amount of $363,256 with the
MineralFields Group. The Private Placement is MineralFields' sixth financing
of GWR.
	    "The continuing support from the MineralFields Group and our other
investors has set the stage for GWR in 2010", said GWR President Irvin Eisler.
"The funds provided by the MineralFields Group, as well as the $719,637 raised
under our previously announced private placement, will serve as a solid
foundation for what is expected to be an exciting 2010 exploration program."
	    Pursuant to the MineralFields Group Private Placement, GWR issued an
aggregate of 3,027,131 units. Each unit is priced at $0.12 and consists of one
"flow-through" common share and one transferable common share purchase
warrant, with each warrant entitling the holder to purchase one common share
of GWR for a period of 18 months following the closing of the Private
Placement (the "Closing") at an exercise price of $0.15 per share.
	    Limited Market Dealer Inc. ("LMDI") has received: (a) a cash finder's fee
of $21,795.36 representing 6% of the gross proceeds from the Private
Placement; (b) a cash due diligence fee of $7,628.38 representing 2% of the
gross proceeds from the Private Placement including GST; and (c) a
non-transferable option (the "LMDI Option") to acquire 242,171 units of the
Company (the "LMDI Units") equivalent to 8% of the total units sold in the
Private Placement. The LMDI Option is exercisable for a period of 18 months
following the Closing into LMDI Units at an exercise price of $0.12 per LMDI
Unit, each such unit consisting of one common share of the Company and one
non-transferable warrant of the Company, with each such warrant entitling LMDI
to purchase one common share of GWR for a period of 18 months following the
Closing at an exercise price of $0.15 per share.
	    All the securities of GWR issued in the Private Placement are subject to
a hold period which under the applicable securities laws and the Exchange
policies expires on May 1, 2010.
	    The proceeds of the Private Placement will be used to fund the Company's
ongoing exploration program on the Company's properties near Lac La Hache,
B.C. The Private Placement is subject to the final acceptance by TSX Venture
Exchange.

	    <<
	    About MineralFields, Pathway and First Canadian Securities (R)
	    --------------------------------------------------------------
	    >>

	    MineralFields Group (a division of Pathway Asset Management), based in
Toronto, Vancouver, Montreal and Calgary, is a mining fund with significant
assets under administration that offers its tax-advantaged super flow-through
limited partnerships to investors throughout Canada as well as hard-dollar
resource limited partnerships to investors throughout the world. Pathway Asset
Management also specializes in the manufacturing and distribution of
structured products and mutual funds (including the Pathway Multi Series Funds
Inc. corporate-class mutual fund series). Information about MineralFields
Group is available at www.mineralfields.com. First Canadian Securities (R) (a
division of Limited Market Dealer Inc.) is active in leading resource
financings (both flow-through and hard dollar PIPE financings) on competitive,
effective and service-friendly terms, and offers investment banking, mergers
and acquisitions, and mining industry consulting, services to resource
companies. MineralFields and Pathway have financed several hundred mining and
oil and gas exploration companies to date through First Canadian Securities
(R).

	    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.






-30-
	    /For further information: Responsible Officer: Irvin Eisler, President,
Company Telephone Number: (250) 546-8048/
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