TORONTO, March 12 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture)
(the "Company") is pleased to announce that the TSX-Venture Exchange has
accepted for filing documentation with respect to a Non-brokered Private
Placement, announced January 2, 2008 and February 25, 2008.
The financing was carried out in two tranches which generated total gross
proceeds of $900,003.72 with a 45.1 percent participation of institutions. The
proceeds include 633,400 shares from insiders. In total there are 15,000,062
shares at a price of $0.06 being issued. Each share issued has a half warrant
attached. Each whole warrant is exercisable for the purchase of one additional
common share at a price of $0.10 until February 25, 2009.
Finders' fees totaling $32,100 were paid in cash in consideration of
services performed. All securities issued pursuant to the private placement
are subject to a four month holding period.
The proceeds of the private placement will be used to fund the Ming
Gold/Silver Project in China 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, (see press release Feb.25, 2008 Gold
World's Chinese Gold/Silver Joint Venture Accepted For Filing) to establish a
Sino-Foreign Contractual Joint Venture Company for the exploration and
development of the Ming (Yangjiagou) Gold/Silver Project. For more information
about the Company's activities we invite you to visit our website
ON BEHALF OF THE BOARD
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 Resources' 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 Resources, 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