TORONTO, March 2 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture)
("Gold World" or the "Company") is pleased to announce that it has closed its
previously announced non-brokered private placement to raise approximately
$730,000 (see press release February 15, 2007). A total of 4,848,331 units of
its securities were issued at a price of $0.15 per unit. Each unit consists of
one common share and one half of one share purchase warrant. Each whole
warrant is exercisable for the purchase of one additional common share at a
price of $0.20 per share until February 28, 2008.
Finder's fees totalling $58,725 were paid in cash and 33,333 common
shares were issued in consideration of services performed in locating
investors. All securities issued pursuant to the private placement are subject
to a four-month hold period expiring June 29, 2007.
ON BEHALF OF THE BOARD
"Hermann Derbuch", Chairman & CEO
Gold World Resources Inc.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Boris Ziger, Tel : (416) 365-0872, Fax: (416)
367-1954, E-mail: firstname.lastname@example.org; Badshah Communications Group, Tel:
(604) 408-7522, Toll Free: 1-866-857-7522, Fax: (604) 408-7528, E-mail: