TORONTO, Jan. 2 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture) (the
"Company") is pleased to announce that it has closed the first tranche of a
non-brokered private placement (the "Placement"), raising approximately
$368,000 by issuing a total of 6,133,399 units of its securities at a price of
$0.06 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 $0.10 per share for a period of
twelve months from date of close. Finder's fees up to 10% of gross proceeds
are due in respect of a portion of the Placement.
The proceeds of the private placement will be used to fund the Ming
gold/silver project and for working capital purposes.
About Gold World Resources Inc.:
The Company is exploring for precious metals in China and has signed
recently a Joint Venture Contract to establish a Sino-Foreign Contractual
Joint Venture Company for the exploration and development of the gold/silver
Ming (Yangjiagou) project. For more information about the Company's activities
we invite you to visit our website www.goldworldresources.com.
ON BEHALF OF THE BOARD
"Hermann Derbuch", Chairman & CEO
Gold World Resources Inc.
Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the Securities Act
(Alberta), including statements concerning Gold World's plans for the
Property, which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of
Gold World, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking information. Such
information contained herein represents management's best judgment as of the
date hereof based on information currently available. 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: Hermann Derbuch, P.Eng., Tel: (416) 594-9888,
Fax: (416) 594-1967, E-mail: email@example.com