VANCOUVER, Dec. 6 /CNW/ - CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V,
FRANKFURT - OUH, OTCBB - CGWVF) Consolidated Gold Win Ventures wishes to
announce a private placement for the sale of up to 50,000,000 units (the
"Units") at $0.10 per unit for total proceeds of $5,000,000.
The Units offered comprise of 30,000,000 flow-through units and
20,000,000 non flow-through units. Each flow-through unit consists of one
flow-through common share of the Company and one non flow-through share
purchase warrant. Each non flow-through unit consists of one non flow-through
common share of the Company and one non flow-through share purchase warrant.
Each non flow-through share purchase warrant shall have a two year term for
the purchase of one further common share of the Company at the exercise price
of $0.15 per share during the first year and an exercise price of $0.25 per
share during the second year. The foregoing exercise term shall be subject to
the following acceleration clause: if the shares of the Company trade over
$0.30 for a period of 10 consecutive trading days on the TSX Venture Exchange,
the share purchase warrants may only be exercised within 30 days and will
automatically expire thereafter. The maximum allowable finders' fee will be
payable, either in cash or shares or a combination of both.
Laurence Stephenson, P. Eng., a Qualified Person under National
Instrument 43-101, has approved the contents of this News Release.
About Consolidated Gold Win Ventures
CGW is a progressive and rapidly advancing junior exploration company
with interests in Nevada - Dolly Varden Copper Gold claims and the Victoria
Copper Mine, British Columbia - Yeti Gold claims, North West Territories -
Drybones Diamond properties, Quebec - Raglan Platinum Group Metal claims.
We seek safe Harbor
For further information:
For further information: KCrew Communications: (604) 678-8101 or Toll
Free: 1-866-465-3616 Or Shareholder Relations: (778) 994-6453 Or Abby Farrage:
(604) 671-4718, Email: email@example.com, Web site: www.v-cgw.com, Souhail
'Abby' Abi-Farrage - President and Director, Consolidated Gold Win Ventures
Inc., P.O. Box 48474, Bentall Centre, Vancouver, BC, V5C 2M7