GWR Closes Further $44,256 Tranches of Private Placements
TSX Venture: GWQ
ARMSTRONG, BC, Jan. 11 /CNW/ - Further to the Company's recent
announcements about closing $719,637 of its $750,000 private placement and
closing a $363,256 private placement with the Mineralfields Group, the Company
is pleased to announce that it has now closed an additional $27,780 of its
$750,000 private placement and the initial $16,476 of its $200,000 private
placement. In closing these latest tranches, the Company issued 368,802 common
shares and 368,802 warrants on terms previously announced. Applicable hold
periods expire at midnight on either May 1, 2010 (271,500 shares) or May 9,
2010 (97,302 shares).
The total gross amount raised by these collective financings is
$1,127,149.
Four of the Company's directors and officers participated in these
private placements for an aggregate of $192,000.
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.
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/For further information: Responsible Officer: Harley Sinclair, Executive
Vice President, Telephone Number: (604) 687-0789/