VANCOUVER, Nov. 17, 2011 /CNW/ - Westminster Resources Ltd. (the
"Company") - (TSX.V:WMR) wishes to announce that it has closed the
private placement of 12,040,000 shares for gross proceeds of $1,204,000
originally announced in its press release dated November 4, 2011. The
shares issued pursuant to the private placement as well as any shares
issued pursuant to the exercise of finder's warrants will be legended
with a hold period to expire March 18, 2012.
The funds raised will be used to fund a 49 line kilometer IP and Ground
Magnetic survey which has commenced at the Company's Cumbral
Iron-Oxide-Copper-Gold (IOCG) prospect located in Sonora, Mexico and
for follow-up drilling and working capital.
ON BEHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
"Glen C. Macdonald"
Managed by an experienced exploration team the Company is focused on
exploring and developing several prime gold-silver-copper targets
located on its 26,246 hectare El Cobre and 19,362 hectare Navojoa
properties in Sonora, Mexico. These targets include the Company's most
advanced Anita Copper Mine, newly discovered San Bartolo-silver,
Cumbral IOCG, and the Guayacan-gold-copper prospects on the El Cobre
project; at the Navojoa project targets include three porphyry deposit
This news release may contain forward-looking information which is not
comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events,
results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking information.
Forward looking information in this news release may include, but is
not limited to, the Company's objectives, goals or future plans.
Factors that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, those
risks set out in the Company's public documents filed on SEDAR.
Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information,
which only applies as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed
time frames or at all. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether
as a result of new information, future events or otherwise, other than
as required by law.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
regarding Westminster Resources Ltd., please contact Leif Smither or Fulvio Scrigner at 604-608-0400, Toll Free: 1-877-608-0007 or visit our website at www.westminsterres.com
Kin Communications Inc. At 604-684-6730, Toll free: 1-877-684-6730 Website: www.kincommunications.com